$295,000 Price Analysis 5056 Shoals LnChattanooga, TN 37416 4 bed 4 bath 2,220 SqFt ($132/SqFt) 0.35 acre lot. Built 1971 Listed 2024-07-10, Taxes $1,226 | Ⓧ USDA Ineligible due to location near Chattanooga |
Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee minutes away from Chickamauga Lake in the Hwy 58 area. This duplex cu rrently 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 fr 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.
Presented by Corey Ballew at
Real Broker.
Property MLS #1395430 from Chattanooga
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $unknown + $unknown $54,000 | $1,226 |
2021 | $unknown + $unknown $54,000 | $1,226 |
2020 | $unknown + $unknown $37,600 | $1,057 |
2019 | $unknown + $unknown $37,600 | $1,057 |
2018 | $unknown + $unknown $37,600 | $1,057 |
2017 | $unknown + $unknown $37,600 | $1,057 |
2016 | $unknown + $unknown $37,400 | $1,052 |
2015 | $unknown + $unknown $37,400 | $1,052 |
2014 | $unknown + $unknown $37,400 | $1,052 |
2013 | $unknown + $unknown $37,400 | $1,052 |
2012 | $unknown + $unknown $38,640 | $1,086 |
2011 | $unknown + $unknown $38,640 | $1,086 |
2010 | $unknown + $unknown $38,640 | $1,086 |
2009 | $unknown + $unknown $38,640 | $1,086 |
2008 | $unknown + $unknown $35,280 | $1,131 |
2007 | $unknown + $unknown $35,280 | $1,131 |
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.