$349,000
FOR SALE725 Church St, Loudon, TN 37774
Loudon, Tn, 37774
MLS #1356184
Subdivision: Blairland Add
Building: -
- Beds
-/- Baths
- sqft
$ - /sqft
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.
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Listing Courtesy of: Realty Executives Associates
