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$269,500   Price Analysis
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3204 Gleason Dr
Chattanooga, TN 37412
Unknown bed 2 bath 1,860 SqFt ($144/SqFt)
Built 1985
Listed 2023-12-15, Taxes $2,222
Ⓧ USDA Ineligible
due to location

near Chattanooga

Attention Investors!

* Has Contingent Offer *

Prime East Ridge Duplex with Robust Monthly Income Potential Discover a lucrative investment opportunity at 3204 Gleason Dr, an East Ridge duplex currently generating $2, 250 in gross monthly rent, with the potential fr an impressive $2, 400 in total income. Key Features: Current Rental Income: This well-maintained duplex boasts a steady monthly income of $2, 250, with units A and B contributing $1, 125 eachthe potential for increased rent positions this property as an attractive and profitable investment. Property Details: Each two-story unit spans 930 sqft and features two bedrooms and one bathroom. Built-in 1985, these residences offer a comfortable living space with a well-thought-out floor plan.

Prime Location: Conveniently located off I-24 in East Ridge, these properties offer a peaceful residential setting on a tranquil street. Their proximity provides swift access to downtown Chattanooga and the thriving Hamilton Place area, enhancing their appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a s table income stream for the investor. The residences are meticulously maintained, requiring minimal upkeep and offering a hassle-free investment opportunity. Affordable Rental Rates: Positioned on the more affordable side within the neighborhood, the current rental rates allow for potential increases, providing flexibility for optimizing returns. The seller requests the highest and best offer by Monday, December 18 2023, at 5:00 p.m. (EST). Time-Limit Responses by 11:00 a.m of December 19. The seller retains the right to accept an offer at any time. Note: The seller wants to avoid dealing with escalating offers. Please advise your clients to submit their highest and best offer


Presented by Rogelio Lantigua at
Weichert Realtors- Sem Assoc.
Listing Agent Photo

Property MLS #20238522 from RiverCounties

Total Bathrooms: 0
Full Bathrooms: 2

Eat-in Kitchen
Flooring: Carpet, Tile

Electric Range
Refrigerator

Cooling Features: Central Air
Heating Features: Central, Electric
Heating: Yes

Dock
Patio And Porch Features: Rear Porch
Road Frontage Type: Asphalt

Elementary School: East Ridge
High School: East Ridge
Middle School: East Ridge

East Ridge Elementary School is a public elementary school located approximately 1.4 miles away.
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East Ridge High School is a public high school located approximately 2 miles away.
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East Ridge Middle School is a public middle school located approximately 2 miles away.
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Adonai Academy is a private elementary and middle school located approximately 0.9 miles away.
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Calculated Total Monthly Association Fees: 0

Community Features: Street Lights

Annual Tax Amount: 2222.070000000
Source Listing Status: Active Under Contract
County: Hamilton
Directions: Go Ringgold Rd, West to South Seminole Dr, turn Right on South Seminole Dr go 1/2 mile turn Right on Gleason Dr. Duplexes on Right.
Source Property Type: Residential Income
Parcel Number: 156l C 001.01
Property Subtype: Duplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$54,600
$2,222
2021$unknown + $unknown
$54,600
$2,222
2020$unknown + $unknown
$43,560
$2,105
2019$unknown + $unknown
$43,560
$2,105
2018$unknown + $unknown
$43,560
$2,105
2017$unknown + $unknown
$43,560
$2,105
2016$unknown + $unknown
$36,840
$1,860
2015$unknown + $unknown
$36,840
$1,860
2014$unknown + $unknown
$36,840
$1,560
2013$unknown + $unknown
$36,840
$1,560
2012$unknown + $unknown
$38,640
$1,636
2011$unknown + $unknown
$38,640
$1,635
2010$unknown + $unknown
$38,640
$1,520
2009$unknown + $unknown
$38,640
$1,520
2008$unknown + $unknown
$35,280
$1,585
2007$unknown + $unknown
$35,280
$1,511

Sold 2024-01-26
$269,500
Chattanooga
Listing removed 2023-12-16
$0
RiverCounties
Listed 2023-12-15
$269,500
RiverCounties
Listed 2023-12-14
$269,500
RiverCounties
Sold 2021-11-03
$400,000
Public Record
Listing removed 2021-09-21
$0
Chattanooga
Listed 2021-09-03
$225,000
Chattanooga
Sold 2016-03-09
$85,900
Chattanooga
Listed 2016-01-06
$94,995
Chattanooga
Listing removed 2014-09-29
$94,995
Chattanooga
Listed 2014-03-31
$94,995
Chattanooga

Total Square Feet Living: 1860
Year Built: 1985
BelowGradeFinishedArea: 2
Building Exterior Type: Brick Veneer, Vinyl Siding
Construction Materials: Brick Veneer, Vinyl Siding
Foundation Details: Slab
Levels: Level, Two
Property Age: 39
Property Condition: Functional
Roof: Shingle

Accessibility Features: Accessible Bedroom, Accessible Closets, Accessible Doors, Accessible Entrance, Accessible Full Bath, Accessible Kitchen

Sewer: Public Sewer
Sewer Connected
Natural Gas Connected
Electricity Connected
Water Source: Public
Click Thumbnail Images To View Full Size
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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.