387 Old Lantana, Crossville, 38555

Residential - Residential For Sale


MLS® #: 1191605

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!

Essential Information

MLS® #: 1191605
Price: $449,577
Bedrooms: 4
Bathrooms: 2.00
Full Baths: 2
Square Footage: 6,500
Square Footage: Owner
Acres: 0.70
Year Built: 1978
Type: Residential
Sub-Type: Residential
Style: Other
Status: Active

Community Information

Address: 387 Old Lantana
Area: Cumberland County
City: Crossville
State: TN
Zip Code: 38555


Features: DSL Available, Internet Available, Island in Kitchen, Washer/Dryer Connect
Parking: Common Parking, Off-Street Parking, RV Parking


Appliances: Dishwasher, Range/Oven, Refrigerator
Heating: Central
Cooling: Central Cooling
Basement: Slab
Fireplaces: None


Exterior Features: Patio, Windows - Vinyl
Lot Description: Corner, Irregular, Other
Construction: Concrete Block, Brick, Frame, Steel

Additional Information

Listing Office: Southern Hills Realty of TN
HOA Fees: 0.00


$/SqFt: $69

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