506 Hargraves Ave, Chattanooga, TN 37411

Beds
4
Baths
2
Sqft
1,378

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Listed byReal Estate Partners Chattanooga LLC
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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

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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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