Description
Investment opportunity in Chattanooga's Southside featuring two duplexes with a total of four income-producing units. Located just off Main Street, the properties are positioned in one of Chattanooga's most active urban neighborhoods, with convenient access to Downtown and the restaurants, shops, entertainment, and businesses throughout the Southside. Each unit currently rents for $900 per month, providing a combined rental income of $3,600 per month, or $43,200 annually at current rents. With four separate units across two duplexes, the property offers an established income stream while giving an investor flexibility for future rental strategies and improvements. The combination of existing rental income and a location just off the Main Street corridor makes this an attractive opportunity for an investor looking to add multifamily property in the Southside Chattanooga area. Owner/Agent.
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8BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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2,936SQFT
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$136$/SQFT
School Information
Description
Investment opportunity in Chattanooga's Southside featuring two duplexes with a total of four income-producing units. Located just off Main Street, the properties are positioned in one of Chattanooga's most active urban neighborhoods, with convenient access to Downtown and the restaurants, shops, entertainment, and businesses throughout the Southside. Each unit currently rents for $900 per month, providing a combined rental income of $3,600 per month, or $43,200 annually at current rents. With four separate units across two duplexes, the property offers an established income stream while giving an investor flexibility for future rental strategies and improvements. The combination of existing rental income and a location just off the Main Street corridor makes this an attractive opportunity for an investor looking to add multifamily property in the Southside Chattanooga area. Owner/Agent.
1511 S Greenwood Avenue Chattanooga, TN 37404
Property Description
Architectural Style [] Attached Garage YN No Construction Materials [] Exterior Features Private Yard Fencing Chain LinkWood Foundation Details Block Lot Features Rectangular Lot Other Structures [] Parking Features GravelOff Street Patio And Porch Features Porch Pool Features [] Roof Shingle Roof Shingle Yes Structure Type DuplexMulti Family View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances RefrigeratorFree-Standing Electric RangeElectric Water HeaterElectric Oven Basement Crawl Space Basement YN No Building Area Total 2936 Cooling ElectricWall Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring CarpetVinyl Heating Electric Heating YN Yes Interior Features [] Laundry Features Electric Dryer HookupMain LevelMultiple LocationsWasher Hookup Levels One Window Features []
Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms ConventionalSpecial Funding New Construction YN No Other Equipment [] Property Sub Type Duplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Agent Owned Structure Type Multi Family Yes Tax Annual Amount 4399.46 Utilities Cable AvailableElectricity ConnectedPhone AvailableSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public

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Listing courtesy of Keller Williams Realty: 423-664-1900.