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
Attention Investors! 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 just off I-24 in East Ridge, 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
The median home value in Chattanooga, TN is $125,600. This is lower than the county median home value of $173,600. The national median home value is $219,700. The average price of homes sold in Chattanooga, TN is $125,600. Approximately 48.26% of Chattanooga homes are owned, compared to 40.33% rented, while 11.41% are vacant. Chattanooga real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Chattanooga real estate agent to arrange a tour today!
Chattanooga, Tennessee 37412 has a population of 21,193. Chattanooga 37412 is less family-centric than the surrounding county with 26.55% of the households containing married families with children. The county average for households married with children is 28.57%.
The median household income in Chattanooga, Tennessee 37412 is $41,648. The median household income for the surrounding county is $50,273 compared to the national median of $57,652. The median age of people living in Chattanooga 37412 is 39.3 years.
The average high temperature in July is 90.2 degrees, with an average low temperature in January of 30.7 degrees. The average rainfall is approximately 53.8 inches per year, with 3.9 inches of snow per year.