4 Beds
2 Baths
1,378 SqFt
4 Beds
2 Baths
1,378 SqFt
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,378 sqft
Price per Sqft $185
Subdivision Shawnee Park
MLS Listing ID 1533085
Style Contemporary
Bedrooms 4
Year Built 1950
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 80X163
Property Sub-Type Duplex
Source Greater Chattanooga REALTORS®
Property Description
Currently generating $1,900/month in rental income, with one tenant in place since 2018 and the second lease expiring in August--creating an excellent opportunity for an owner-occupant to live in one unit while offsetting their mortgage with rental income, or for an investor to lease the unit at market rent.
Major updates include central HVAC, several vinyl windows, and carpet replaced in 2019. Sellers are also completing replacement of the horizontal water supply and drain plumbing (estimated completion early august), further enhancing the property's value and marketability.
Situated on a level lot on a quiet street with a shared fenced backyard, this property offers flexibility for both investors and owner-occupants in Chattanooga's growing market.
Please do not disturb tenants. Showings available during due diligence with an accepted purchase agreement or Letter of Intent.
Location
State TN
County Hamilton
Area 0.3
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Entrance Foyer, Pantry, Tub/shower Combo
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Tile, Vinyl
Inclusions Refrigerators in each unit
Equipment None
Fireplace No
Window Features Insulated Windows
Appliance Free-Standing Refrigerator, Electric Range
Heat Source Central, Electric
Laundry In Kitchen, Inside
Exterior
Exterior Feature None
Parking Features Concrete, Driveway, Gravel, Off Street, Other
Garage Description Concrete, Driveway, Gravel, Off Street, Other
Pool None
Community Features None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Porch Covered, Porch - Covered
Garage No
Building
Lot Description Gentle Sloping, Level, Sloped Down
Faces Turn right onto Rogers Rd near the intersection of N Germantown Rd and Brainerd Rd. Slight left onto Vaughn Rd. Property is the second on the right.
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Structure Type Other
Schools
Elementary Schools Woodmore Elementary
Middle Schools Dalewood Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 147o Q 020
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Investor
NEARBY SCHOOL & BUSINESS
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Agent | License ID: TN 338923 / GA 374620