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5056 Shoals Ln

Chattanooga, TN 37416
  • $295,000
  • STATUS: Active Under Contract
  • ON SITE: 7 Days
  • MLS #: 1395430
Under Contract
UPDATED: 174 min ago
$295,000
  • 0
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,220
    SQFT
  • $133
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Multiple Offers Received and seller is calling for highest and best by noon Saturday July 13th. Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee just 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 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 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.

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www.depasqualehomes.com/homes/152483491
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5056 Shoals Ln Chattanooga, TN 37416

  • Price: $295,000
  • Status: Active Under Contract
  • On Site: 7 Days
  • Updated: 174 min ago
  • MLS #: 1395430
0
Beds
0
Baths
0
½ Baths
0.35
Acres
2,220
SQFT
$133
$/SQFT
1971
Built
Neighborhood:
Lake Shoals
County:
Hamilton
Area:
Chattanooga
Elementary School:
Harrison Elementary
Middle School:
Brown Middle
High School:
Central High School
Property Description
Multiple Offers Received and seller is calling for highest and best by noon Saturday July 13th. Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee just 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 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 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.
Exterior Features

Exterior Brick Garage Parking Off Street Parking Lot Description Gradual Sloping Lot Size Dimensions 100X152.2 Roof Shingle

Interior Features

Basement Partial Cooling CentralElectric Description 2 Level Heating CentralElectric Unit One Bedrooms 2 Unit One Features + Half Bath1 Bath1.5 Baths2 BedroomsEat-In KitchenKitchenLaundry HookupLiving RoomOven/RangeRefrigerator Unit One Full Baths 1 Unit One Half Baths 1 Unit Two Bedrooms 2 Unit Two Features + Half Bath1 Bath1.5 Baths2 BedroomsEat-in KitchenKitchenLaundry HookupLiving RoomOven/RangeRefrigerator Unit Two Full Baths 1 Unit Two Half Baths 1

Property Features

Community Features None Existing Financing Private Financing CashConventional Gross Monthly Rent 2525.00 Home Warranty No Owner Pays None Possession Day of ClosingTenant Rights Property Sub Type Duplex Senior Community YN No Taxes 1226.14 Tenant Pays All Utilities Type Of Sale Investor Unit One Unit Number 5056 Unit Two Unit Number 5058 Water Sewer Septic Tank

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Broker: (844) 591-7325.



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Depasquale Properties | Keller Williams Realty
1830 Washington Street
Chattanooga TN, 37408