$239,000
$236,700
1.0%For more information regarding the value of a property, please contact us for a free consultation.
1,890 SqFt
SOLD DATE : 08/07/2025
Key Details
Sold Price $239,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,890 sqft
Price per Sqft $126
MLS Listing ID 1517718
Sold Date 08/07/25
Year Built 1984
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 198.44 x 92.74
Property Sub-Type Duplex
Source Greater Chattanooga REALTORS®
Property Description
Don't miss this excellent investment opportunity - a well-maintained duplex with two bedrooms and two full bathrooms on each side in a super convenient location. One bedroom/bath is on the main level while the second bedroom/bath is in an open loft upstairs. The flooring was replaced with luxury vinyl plank in 2023 on both sides; a list of recent updates is in the documents section of this listing. Both sides are rented for $975 per month; both tenants are past their lease and are on a month-to-month basis. In the documents section of this listing is a rent roll for each side going back to 2022. Unit 3710 was vacant all of 2022 and six months into 2023 because the Seller was caring for a family member who passed away. The HVACs have been maintained semi-annually by Reliable Heating & Air Conditioning Co for as long as the Seller can remember; Invoices for the 2025 maintenance visits are in the documents section of this listing. At the list price, with $23,400 of annual gross income, and a NOI of $19,986, the CAP rate is 8.5%. A better CAP rate is possible through higher rent. Because these units are both rented, no showings are allowed until an accepted contract is reached with a Buyer. Please do not disturb the tenants. The Seller prefers to close at Burns Henry & Kirksey's Chattanooga Office.
Location
State TN
County Hamilton
Area 0.31
Interior
Interior Features Cathedral Ceiling(s), En Suite
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Luxury Vinyl
Fireplaces Type Living Room, Wood Burning
Fireplace Yes
Heat Source Central, Electric
Laundry Electric Dryer Hookup, In Unit, Laundry Closet, Lower Level, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Kitchen Level, Off Street
Carport Spaces 2
Garage Description Driveway, Kitchen Level, Off Street
Utilities Available Cable Connected, Electricity Connected, Natural Gas Not Available, Sewer Connected, Water Connected
Roof Type Shingle
Porch Deck
Garage No
Building
Lot Description Corner Lot, Gentle Sloping, Near Public Transit, Sloped Down
Faces From Brainerd Rd and Germantown Rd, take S Germantown Rd (toward I-24) 0.2 miles and turn Left onto Monte Visa Dr. Stay on Monte Vista Dr through the first curve. After Oriole Dr on the Left, this Duplex will be on the Right.
Story Multi/Split
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Wood Siding
Schools
Elementary Schools East Ridge Elementary
Middle Schools Dalewood Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 157h H 001
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Investor
Pets Allowed Yes, Breed Restrictions
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Find out why customers are choosing LPT Realty to meet their real estate needs