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387 Old Lantana Rd

Crossville, TN 38555
  • $449,577
  • STATUS: Active
  • ON SITE: 200 Days
  • ID#: 1191605
UPDATED: 29 min ago
$449,577
  • 4
    BEDS
  • 0.7
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 6,500
    SQFT
  • $69
    $/SQFT
Type:
Single-Family Home
Built:
1978
County:
Area:

School Ratings & Info

Description

Amazing residential & commercial investment opportunity! Live in one building and lease out the other. Or use all the units for commercial space, or maybe a multi-family apartment complex. Either way $$ is to be made!! The property also has a vacant 0.24 acre lot for more expansion if you want to build another building. The older building has 2 units, a top and bottom that are adjoined by a stairwell that can be locked off. The downstairs part has a kitchen, 2 bedrooms, a great room and a full bathroom, and the upstairs has 4 rooms and a full bath to set up as you wish ... giving you the option to live in it all, just live downstairs, or lease them both as commercial. The steel building is also 2 stories... 2-1200sqft units upstairs & 2-1200sqft units downstairs, these 4 units are contraccontracted for $2400 with only 3 tenants. The owner has installed 5 new heating & air systems in the past 2 years. Replaced the grinder pump in February 2021 ($3,500), it had a 3 yr warranty. Replaced the roof on the old building in 2019. Replaced both hot water heaters in the last 3 years. Replaced the neoprene screws on the roof of the steel building in 2021. Replaced all of the light fixtures inside the steel building within the past 2 yrs. Just finishing the total remodel of the upstairs unit in the old building. And is just starting the total remodel of the residence unit in the lower part of the old building. Will also be replacing all the windows in the old building in two weeks. It's obvious the owner has taken real good care of his property. This one is a no-brainer!

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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2022-12-03T17:08:46.58.
www.shannonfosterbolinegroup.com/homes/128787911
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387 Old Lantana Rd Crossville, TN 38555

  • Price: $449,577
  • Status: Active
  • On Site: 200 Days
  • Updated: 29 min ago
  • ID#: 1191605
4
Beds
2
Baths
0
½ Baths
0.7
Acres
6,500
SQFT
$69
$/SQFT
1978
Built
County:
Cumberland
Area:
Crossville
Property Description
Amazing residential & commercial investment opportunity! Live in one building and lease out the other. Or use all the units for commercial space, or maybe a multi-family apartment complex. Either way $$ is to be made!! The property also has a vacant 0.24 acre lot for more expansion if you want to build another building. The older building has 2 units, a top and bottom that are adjoined by a stairwell that can be locked off. The downstairs part has a kitchen, 2 bedrooms, a great room and a full bathroom, and the upstairs has 4 rooms and a full bath to set up as you wish ... giving you the option to live in it all, just live downstairs, or lease them both as commercial. The steel building is also 2 stories... 2-1200sqft units upstairs & 2-1200sqft units downstairs, these 4 units are contraccontracted for $2400 with only 3 tenants. The owner has installed 5 new heating & air systems in the past 2 years. Replaced the grinder pump in February 2021 ($3,500), it had a 3 yr warranty. Replaced the roof on the old building in 2019. Replaced both hot water heaters in the last 3 years. Replaced the neoprene screws on the roof of the steel building in 2021. Replaced all of the light fixtures inside the steel building within the past 2 yrs. Just finishing the total remodel of the upstairs unit in the old building. And is just starting the total remodel of the residence unit in the lower part of the old building. Will also be replacing all the windows in the old building in two weeks. It's obvious the owner has taken real good care of his property. This one is a no-brainer!
Exterior Features

Attached Or Detached Type Detached Construction BlockBrickFrameSteel Exterior Features PatioWindows - Vinyl Garage Parking CommonOff-Street ParkingRv Parking Lot Description Corner LotIrregular LotOther Lot Size 202X154 Siding BrickOtherVinyl Style Other Type 2 Story

Interior Features

Appliances DishwasherRangeRefrigerator Basement Slab Basement YN No Bonus Room Yes Cooling Central Cooling Dining Area Breakfast BarLiving Rm/Dining Rm Fireplace Type None Fireplace YN No Fireplaces 0.00 Floors LaminateOtherTileVinyl Fuel Electric Heat Central Misc Features Dsl AvailableInternet AvailableIsland in KitchenWasher/Dryer Connect Other Rooms Den/StudyFamily RoomGreat RoomLaundry/UtilityOffice/Br Main LevelSplit Bedroom Rooms 8 Sq Ft Down Level 800.00 Sq Ft Main Level 900.00 Sq Ft Second Level 0.00 Sq Ft Third Level 0.00

Property Features

Auction YN No HOA No New Financing CashConventionalOther Property Status N/A Residential Sub Type Residential Restrictions No Site Built Yes Sq Ft Source Owner Total Tax 2409.54

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Southern Hills Realty Of Tn: (931) 210-7210.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Realty Executive Associates. Information is deemed reliable but is not guaranteed accurate by the MLS or Realty Executive Associates. Data last updated: 2022-12-03T17:08:46.58.
 
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