506 Hargraves Ave, Chattanooga, TN 37411
- Beds
- 4
- Baths
- 2
- Sqft
- 1,378
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Overview
Income-producing duplex offering both immediate rental income and upcoming owner-occupant potential. Each unit features 2 bedrooms, 1 bath, washer/dryer hookups, separate utility meters, and central HVAC.
Currently generating $1,900/month in rental income, with one tenant in place since 2018 and the second lease expiring in August--creating an excellent opportunity for an owner-occupant to live in one unit while offsetting their mortgage with rental income, or for an investor to lease the unit at market rent.
Major updates include central HVAC, several vinyl windows, and carpet replaced in 2019. Sellers are also completing replacement of the horizontal water supply and drain plumbing (estimated completion early august), further enhancing the property's value and marketability.
Situated on a level lot on a quiet street with a shared fenced backyard, this property offers flexibility for both investors and owner-occupants in Chattanooga's growing market.
Please do not disturb tenants. Showings available during due diligence with an accepted purchase agreement or Letter of Intent.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of stories
- 1
- Number of bedrooms
- 4
- Number of bathrooms
- 2
- Square feet
- 1,378
- Lot size (acres)
- 0.30
- Year built
- 1950
Interior features
- Laundry
- Inside, In Kitchen
Exterior features
- Horse amenities
- Stable
Utilities
- Heating
- Central, Electric
- Cooling
- Ceiling Fans, Central Air
- Sewer
- Public Sewer
- Water
- Public Water
Taxes
- Tax Annual Amount
- $2,261.60
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Greater Chattanooga Realtors MLS®#: 1533085 Last checked: …

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