725 Church St, Loudon, TN 37774
- $349,000
- List Price
- $349,000
- MLS#
- 1356184
- Status
- ACTIVE
- Type
- Single Family Residential
- City
- Loudon
- County
- Loudon
- Year Built
- 1946
Property Description
LOUDON, TN -- RUN YOUR BUSINESS RENT-FREE. LET THE APARTMENTS PAY THE MORTGAGE. 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.
Additional Information
- Appliances
- Refrigerator, Range, Self Cleaning Oven
- Construction
- Block, Frame, Stucco
- Cooling
- Window Unit(s)
- Floors
- Hardwood
- Garage
- Off Street
- Lot Dimensions
- 91 x 90
- Subdivision
- Blairland Add
- Year Built
- 1946
- Subdivision
- Blairland Add
- Heating
- Space Heater, Electric, Natural Gas
- Num Of Units
- 2
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Listing courtesy of Realty Executives Associates.
Agent: Jack Woods |
Office: Realty Executives Associates |