Listing Courtesy of: Rogelio Lantigua - Weichert REALTORS - SEM Associates -Cleveland
423-380-8872
$269,500
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3204 Gleason Drive Chattanooga, TN 37412
Duplex
Residence
Beds
2
Baths
...
Bed/Bath
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Attention Investors! 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 for 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 each—the 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 just 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 stable 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
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MLS#
20238522
Property Type
Duplex
Bathrooms
2 Full
Year Built
1985
Price per Sq. Ft.
$144.89
Stories
2.0
Sewer
Public Sewer
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