$269,500 Price Analysis    ♡   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 Strong Rental Potential. Welcome to 3206 Gleason Dr, a lucrative investment opportunity in East Ridge, Chattanooga. This well-maintained duplex currently generates $1, 925 in gross monthly rent, with the potential for an impressive $2, 400 in total income. Key Features: Current Rental Income: The property presently yields $1, 925 in gross monthly rent, with unit A fetching $1, 125 and unit B contributing $800. However, there is untapped potential for increased rent, positioning this duplex as an attractive 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 Ridg, these properties offer a peaceful residential setting with swift access to downtown Chattanooga and the bustling Hamilton Place area. This prime location enhances the property's appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a steady income stream for the investor. The residences have been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Affordable Rental Rates: The current rental rates are positioned on the more affordable side within the neighborhood, allowing for potential increases in line with market trends. This flexibility provides room 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.
Property MLS #20238523 from RiverCounties
Full Bathrooms: 2
Flooring: Carpet, Tile
Refrigerator
Heating Features: Central, Electric
Heating: Yes
Patio And Porch Features: Rear Porch
Road Frontage Type: Asphalt
High School: East Ridge
Middle School: East Ridge
Map directions Map directions Map directions Map directionsSource Listing Status: Active Under Contract
County: Hamilton
Directions: Go Ringgold Rd. West to South Seminole Dr, turn Right onto South Seminole Dr, go approx 1/2 mile turn Right onto Gleason Dr. Duplexes on Right
Source Property Type: Residential Income
Parcel Number: 156l C 001
Property Subtype: Duplex
Source System Name: C2C
| Year | Assessments 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 |
$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 2017-03-08
$87,650
Public Record
Listing removed 2014-09-29
$94,995
Chattanooga
Listed 2014-03-31
$94,995
Chattanooga
Year Built: 1985
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
Sewer Connected
Natural Gas Connected
Electricity Connected
Water Source: Public
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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.