4 Beds
2 Baths
1,868 SqFt
4 Beds
2 Baths
1,868 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,868 sqft
Price per Sqft $133
MLS Listing ID 1543517
Style Other
Bedrooms 4
Year Built 1969
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 75X191.7
Property Sub-Type Duplex
Source Greater Chattanooga REALTORS®
Property Description
One unit is leased on a 6-month term at $1,150/month and features recently updated flooring throughout, a new bathroom vanity, a refrigerator, and washer/dryer hookups. The second unit is currently leased month-to-month at $1,000/month and also includes a refrigerator and washer/dryer hookups. Tenants pay all utilities, and each unit is individually metered.
Current gross monthly rent is $2,150, producing $25,800 in gross annual rental income. With two separately metered 2BR/1BA units, established tenants, and tenant-paid utilities, the property provides in-place cash flow from day one. The month-to-month lease also gives a future owner flexibility to evaluate rental rates and pursue additional income potential over time, subject to applicable lease terms and market conditions.
The property is conveniently located near major employers including Amazon and Volkswagen, with access to nearby interstate routes and surrounding areas. This location may help support continued rental demand while giving tenants convenient access to employment, shopping, and everyday amenities.
Whether you're looking to expand your rental portfolio or acquire a duplex with existing cash flow and room for future upside, this property is ready for its next owner. Tenant-occupied units require advance notice for showings. Please do not disturb tenants.
Owner/Agent Listing
Location
State TN
County Hamilton
Area 0.31
Rooms
Basement None
Interior
Interior Features Plumbed, Sitting Area
Heating Electric, Hot Water
Cooling Varies by Unit
Flooring Vinyl
Fireplace No
Window Features Other
Appliance Refrigerator, Range Hood, Oven, Gas Water Heater, Free-Standing Refrigerator, Dishwasher
Heat Source Electric, Hot Water
Laundry Electric Dryer Hookup, In Hall, Inside, Laundry Room, Washer Hookup
Exterior
Exterior Feature None
Parking Features Concrete, Driveway
Garage Description Concrete, Driveway
Pool None
Community Features Curbs
Utilities Available Cable Available, Electricity Available, Sewer Connected, Water Available
Roof Type Shingle
Porch Porch - Covered
Garage No
Building
Lot Description City Lot, Front Yard, Many Trees, Sloped
Story One
Foundation Concrete Perimeter, Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Brick,Concrete,Vinyl Siding
Schools
Elementary Schools Harrison Elementary
Middle Schools Brown Middle
High Schools Central High School
Others
Senior Community No
Tax ID 129e D 009
Security Features Fire Alarm,Smoke Detector(s)
Acceptable Financing Cash, Conventional, VA Loan
Listing Terms Cash, Conventional, VA Loan
Special Listing Condition Agent Owned
Pets Allowed Yes, Cats OK, Dogs OK
Nearby Locations
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