725 Church St Loudon, TN 37774
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Blairland Add
MLS Listing ID 1356184
Year Built 1946
Lot Dimensions 91 x 90
Source East Tennessee REALTORS® MLS
Property Description
Mixed-use building minutes from Court Square: ground-floor shop/storage with its own bath, plus two newly renovated 1BR/1BA apartments upstairs, and a 160 sq ft storage shed on the lot.
THE NUMBERS: Apartments rent for about $800/mo each. The shop space is projected to lease at about $1,000/mo. Gross scheduled income is about $31,200/yr, a gross rent multiplier of about 11.2 at list price.
Owner-occupant? Use the shop for your own business while $1,600/mo from the apartments covers most of the mortgage. Investor? Lease all three spaces for full income.
Walkable to downtown shops, restaurants and Monkey Town Brewing. Rent roll and income/expense summary available in MLS documents. Call Jack Woods, 865-766-7653, to schedule a showing.
Location
State TN
County Loudon County - 32
Rooms
Other Rooms Other
Interior
Heating Natural Gas, Space Heater, Electric
Cooling Window Unit(s)
Flooring Hardwood
Appliance Range, Refrigerator, Self Cleaning Oven
Heat Source Natural Gas, Space Heater, Electric
Exterior
Exterior Feature Deck, Shed
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Garage No
Building
Faces Via I-40 from Knoxville head west and keep left to continue on I-75 take exit 76. Turn left on Sugarlimb Rd (324). Turn right onto US 11. Turn left on Ward Ave. Turn left onto Church St listing will be on your right. SOP
Additional Building Shed
Structure Type Stucco,Block,Frame
Others
Restrictions No
Tax ID 041H H 006.01
Energy Description Electric, Gas(Natural)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional