400 West 2nd Avenue

Lenoir City, TN 37771

$485,000
Price
Beds
3,020 Sq. Ft.
$161 / Sq. Ft.
3,020
Sq. Ft.
$161
per Sq. Ft.

Description

400 W 2nd Ave in Lenoir City offers a unique investment opportunity with three updated 1 bed/1 bath units and one spacious 4 bed/2 bath unit. With modern renovations and room for potential rent increases, this property presents an excellent opportunity for investors to boost cash flow while benefiting from the strong rental demand in the area.400 W 2nd Ave in Lenoir City offers a unique investment opportunity with three updated 1 bed/1 bath units and one spacious 4 bed/2 bath unit. With modern renovations and room for potential rent increases, this property presents an excellent opportunity for investors to boost cash flow while benefiting from the strong rental demand in the area.
  1. Listed by Ford Collier • SVN I Wood Properties
  2. Listed by Kevin G. Tipton • SVN I Wood Properties

Property Details for 400 West 2nd Avenue

Sub division Name
Payne Map Of Lenoir City
LISTING UPDATED: 11/05/2024 02:46 PM

Property Details for 400 West 2nd Avenue

StatusActive
MLS #1281079
Days on Market5
Taxes$1,936 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family
Year Built1930
Lot Size0.00 AC / 0 SF
CountyLoudon County

Building Information for 400 West 2nd Avenue

Stories-Residences4Year Built1930Building Size-Lot Size0.00 AC / 0 SF

Property Information for 400 West 2nd Avenue

Summary
Location and General Information
  • City: Lenoir City
  • County Or Parish: Loudon County - 32
  • Directions: Turn right onto W Broadway St (US-11). Go for 0.7 mi. Turn left onto N E St. Go for 0.1 mi. Turn right onto W 2nd Ave. Go for 417 ft.
  • Latitude: 35.790378
  • Longitude: -84.27058
  • MLS Area Major: Loudon County - 32
  • MLS Area Minor: Loudon County - 32
  • Postal Code: 37771
  • State Or Province: TN
  • Location Tax Legal Info Area: Loudon County - 32
  • Remarks Misc Directions: Turn right onto W Broadway St (US-11). Go for 0.7 mi. Turn left onto N E St. Go for 0.1 mi. Turn right onto W 2nd Ave. Go for 417 ft.
Parking
  • Attached Garage: No
  • Parking Features: On-Street Parking
  • General Property Description Driveway: On Street Parking
  • Garage Parking On-Street Parking: True
Taxes and HOA Information
  • Association Fee: 0.0
  • Parcel Number: 020N G 055.00
  • Location Tax Legal Info Total Tax: 1935.65
Virtual Tour
  • Virtual Tours Count: 0
Property
Lot Information
  • Lot Size Area: 0.0
  • Lot Size Square Feet: 0.0
  • Year Built: 1930
  • Building Area Total: 3020.0
  • Living Area Source: Tax Records
  • Lot Size Acres: 0.0
  • Lot Size Dimensions: 50 x 71.5 M
  • General Property Description SqFt - Source: Tax Records
  • General Property Description Lot Dimensions: 50 x 71.5 M
Property and Assessments
  • Possession: At Closing
  • Property Type Label: Multi-Family
  • Floor Plans Count: 0
  • Property Type: Multi-Family
  • Possession At Closing: True
Utilities
  • General Property Description UtilitiesMo Avg: 210.0
  • Fuel Other Fuel: True
Interior and Exterior Features
Exterior Features
  • Construction Materials: Frame
Interior Features
  • Bathrooms Total Integer: 0
  • Cooling Details: Yes
  • Flooring: Vinyl
  • Heating: Yes
  • Cooling Central Cooling: True
  • Floors Vinyl: True
  • Heat Central: True
  • Other Rooms Other: True
  • Roof Shingle: True
Multi Family
Multi-Family Information
  • Number Of Units Total: 4
  • Type of Units 1 Bedroom Unit: True
  • Type of Units 3 or more Bdrm Units: True
Rental
Rent Information
  • Tenant Expenses Cooling: Central Cooling
  • Tenant Expenses Electricity: True
  • Tenant Expenses Heating: Central,Other

Property History for 400 West 2nd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 400 West 2nd Avenue

Taxable ValueLand$3,160Additions$78,040Total$81,200
Home Facts
Total Finished SqFt4,152 SqFtAbove Grade Finished SqFt3,020 SqFtFinished Basement SqFt1,132 SqFtStories2Lot Size3,585 SqFtStyleDuplexYear Built1930Year Renovated2005ZoningR-2CountyLOUDONAPN053020N G 05500

Schools near 400 West 2nd Avenue

This home is within Lenoir City School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - K to 12
Public - 4 to 8
Public - 9 to 12
Rating
School
Distance
Lenoir City Elementary School
PublicPK to 3

The iLearn Institute at Lenoir City Schools
PublicK to 12

Lenoir City Middle School
Public4 to 8

Lenoir City High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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400 West 2nd Avenue is a multi-family home for sale in Lenoir City, TN 37771. This property was listed for sale on October 31, 2024 by SVN I Wood Properties, it's currently listed at $485,000. It has been on the market for a total of 5 days and was last sold on July 28, 2021. This listing's school district is Lenoir City School District. Nearby schools include Lenoir City Elementary School, The iLearn Institute at Lenoir City Schools and Lenoir City Middle School. 400 West 2nd Avenue is a 0-bed, 0-bath, 3,020 sqft multi-family home built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of SVN I Wood Properties, Ford Collier; SVN I Wood Properties, Kevin G. Tipton (865.210.0228)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 11/05/2024 02:46 PM