$295,000
$295,000
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2,220 SqFt
SOLD DATE : 08/28/2024
Key Details
Sold Price $295,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $132
Subdivision Lake Shoals
MLS Listing ID 1395430
Sold Date 08/28/24
Originating Board Greater Chattanooga REALTORS®
Year Built 1971
Lot Size 0.350 Acres
Acres 0.35
Lot Dimensions 100X152.2
Property Description
Multiple Offers Received and seller is calling for highest and best by noon Saturday July 13th. Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee just minutes away from Chickamauga Lake in the Hwy 58 area! This duplex currently has a gross monthly rent of $2525. 5056 and 5058 rented at $1250 each (5056 has a pet rent of $25/mo), 1 year leases are up in 8/31/24 and both units include new HVAC. There is potential to increase gross monthly rents to $2560+ since the 2024 HUD Small Area Fair Market Rents are $1,280 for a 2 bedroom unit in 37416. The property is professionally managed by a property management firm.
Offers will need a contingency to view within the due diligence period. Please do not disturb tenants.
Location
State TN
County Hamilton
Area 0.35
Rooms
Basement Partial
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Heat Source Central, Electric
Exterior
Garage Off Street
Garage Description Off Street
Community Features None
Roof Type Shingle
Parking Type Off Street
Garage No
Building
Lot Description Gentle Sloping
Faces I-75 to exit 4 N 153 towards Chickamauga Dam, Continue on Hwy 153, and take exit 5 Hwy 58 N towards Decatur, turn left on Hickory Valley Rd, continue on to Glover Rd, left on Shoals Ln, duplex on the left.
Story Two
Sewer Septic Tank
Structure Type Brick
Schools
Elementary Schools Harrison Elementary
Middle Schools Brown Middle
High Schools Central High School
Others
Senior Community No
Tax ID 112a A 016
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
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