Incredible investment opportunity located just minutes from downtown Chattanooga! This 7-unit package deal is comprised of a mid-century modern duplex, a quadruplex, and an A-frame single family home that if desired, could easily be modified into a duplex. All buildings feature new roofs, wiring, and plumbing, and 6 of the 7 units included updated kitchens and bathrooms; the 7th unit has not been renovated due to long-term occupancy. Current GMI of $5,293 and 100% occupied. Located in an easily rentable area, the properties are close to interstate access and just minutes from the shopping, dining, entertainment, and major businesses/employers in downtown Chattanooga. Proximity & visibility from the interstate (I-24) also make the unused land/yard an excellent location for a billboard. This setup is ideal for savvy investors or retirees who want tenant cash flow to pay their mortgage. The single-family A-frame could be used as a personal home (instead of a rental) while the 6 remaining units (which are in no need of rehab work) bring in positive cash flow. Acceptable Letter of Intent is required to view properties.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
