725 Church St Loudon, TN 37774

Listing details for 725 Church St, Loudon, TN 37774 : 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.