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$424,000   Price Analysis
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205 W Commerce St
Loretto, TN 38469
Unknown bed None bath 5,600 SqFt ($75/SqFt)
Built 1919
Listed 2023-12-29
USDA Eligible
near Loretto, TN
 Restrictions may apply
due to home size

Great Investment Opportunity!

This Apartment hs 6 units, tota ling 12 bedrooms and 7 baths, which are all currently rented. The units range from one bedroom to 3 bedrooms.

Perfect for someone that wants to have extra monthly income. Located in growing downtown Loretto and less than 30 mins to Florence AL .


Presented by christie s hagan at
Coldwell Banker Southern Realty.
Listing Agent Photo

Property MLS #2604683 from RealTracs

Flooring: Carpet, Finished Wood, Laminate

Elementary School: South Lawrence Elementary
High School: Loretto High School
Middle School: South Lawrence Elementary

E O Coffman Middle School is a public middle school located approximately 12.7 miles away.
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Lawrence Co High School is a public high school located approximately 14.3 miles away.
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Sacred Heart School is a private elementary and middle school located approximately 0.2 miles away.
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South Lawrence Elementary School is a public elementary and middle school located approximately 1.3 miles away.
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Number of Units: 6
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Full Bathrooms in Unit-3: 1
Full Bathrooms in Unit-4: 1
Unit 1 Total Actual Rent: 700
Unit 2 Total Actual Rent: 650
Unit 3 Total Actual Rent: 700
Unit 4 Total Actual Rent: 500

Annual Tax Amount: 1090
Source Listing Status: Active
County: Lawrence County, TN
Directions: South on Hwy 43 toward Loretto. Turn right onto W Commerce St.
Source Property Type: Multi-Family
Inclusions: Appliances
Zoning: 1
Property Subtype: More than 4 Units
Source System Name: C2C

Price Changed 2024-05-01
$424,000
RealTracs
Listed 2023-12-29
$449,000
RealTracs

Total Square Feet Living: 5600
Year Built: 1919
Construction Materials: All Brick
Living Area Source: Owner Supplied
Property Age: 105
Levels or Stories: 2.00
Total Area Main: 5600
Year Built Details: Existing

Gas: TENAN
Sewer: PUSEW
Water Source: City Water
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.