5-7 Old Loudon Rd

This unique multi-family property comprises two single-family homes on one lot. The property is zoned High Density Residential and is adjacent to the corner of Loudon Rd and D’Amante Drive and walking distance to a variety of shopping centers and restaurants. Shaw’s, Starbucks, Applebee’s, Home Depot and the former Steeple Gate Mall are all visible from the property.
Both houses are currently occupied, collectively generating an annual gross income of $60,000. Unit 5 is a 2+ bedroom, 1-bathroom ranch-style house offering 1,400 sq. ft. of finished space on the main level, along with additional unfinished space in the basement and walk-up attic. Unit 7 is a 704 sq. ft., 2-bedroom, 1-bathroom, single-level house featuring in-unit laundry and many updates.
Each building is separately metered for electricity and natural gas. Buyers are encourage to conduct due diligence regarding potential redevelopment opportunities.