Home For Sale near Fort Loudoun Lake
Income-producing property with a 6% cap rate at current rents. Potential exists to improve returns with future rent adjustments; increasing the second unit to approximately $1,500/month could bring the cap rate closer to 7%. Buyer to verify all income, expenses, and projections. Brick duplex in a great Lenoir City location just off Martel Rd. Fully rented with a newer metal roof and covered carports for each unit. Each 2-bedroom unit features central HVAC, washer/dryer connections, and tenants pay all utilities including water. Unit 1 renovated approx. 3 years ago; property updates approx. 10 years ago include kitchens, flooring, roof, and windows. Located approx. 1 mile from Lenoir City Park with dog park, playgrounds, boat launch, and minutes to Loudon Marina and Calhoun's. Strong investment opportunity.Property Details
- Beds: 4
- Baths: 0.0
- Sq Feet: 1344
- Year Built: 1968
- Location: Fort Loudoun Lake
- County: Loudon County
- Heat/AC: Central, Electric (Heating)
- Garage: Carport
- Siding: Brick, Frame
- Roof: Metal
- Property Taxes: $866
- MLS #: 1328209
Location
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Contact Information:
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Listing Agent: Benjamin Tanasov, Southland Realtors, Inc., 865-604-6920, 865-693-6961 Listing Site, Listing Status: Active
Copyright © 2025 East Tennessee Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Ad Statistics:
| Ad Number : | 7213764 |
| Viewed: | 9 times |
| Added: | Feb 01, 2026 |
| Updated on: | Feb 06, 2026 |
| All information provided is deemed reliable but is not guaranteed and should be independently verified. | |
