$295,000 Price Analysis    ♡   Chattanooga, 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 |
Multiple Offers Received and sell er is calling for highest and best by noon Saturday July 13th.
* Has Contingent Offer *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 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 nclude 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.
Presented by Corey Ballew at
Real Broker.
Property MLS #1395430 from Chattanooga
Full Bathrooms: 2
1/2 Bathrooms: 2
Basement Description: Partial
Heating Features: Central, Electric
Heating: Yes
Lot Size Acres: 0.35
Lot Size Dimensions: 100X152.2
Lot Size Square Feet: 15246
Calculated Total Monthly Association Fees: 0
Number of Units: 2
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Full Bathrooms in Unit-1: 1
Full Bathrooms in Unit-2: 1
Half Bathrooms in Unit-1: 1
Half Bathrooms in Unit-2: 1
High School: Central High School
Middle School: Brown Middle
Map directions Map directions Map directions Map directionsAnnual Tax Amount: 1226.140000000
Source Listing Status: Active Under Contract
County: Hamilton
Directions: 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.
Disclaimer: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Source Property Type: MultiFamily
Source Neighborhood: Lake Shoals
Parcel Number: 112a A 016
Subdivision: Lake Shoals
Property Subtype: Duplex
Source System Name: C2C
| 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 |
$295,000
Chattanooga
Listing removed 2024-07-23
$0
Chattanooga
Listed 2024-07-10
$295,000
Chattanooga
Listing removed 2023-07-26
$0
AppfolioUnits
Listed for rent 2023-07-02
$1,250
AppfolioUnits
Sold 2023-06-21
$175,000
Chattanooga
Sold 2022-03-02
$1,438,750
Public Record
Building Area Total: 2220
Building Exterior Type: Brick
Construction Materials: Brick
Levels: 2 Level
Property Age: 53
Roof: Shingle
Levels or Stories: 1
Total Area Sqft: 2220
Water Source: Septic Tank
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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.