8780 Millard Lee Lane, Chattanooga, TN 37416
- Beds
- 4
- Baths
- 4
- Sqft
- 2,720
View property features, location on map, relevant school information and overview from seller's agent.
- 1
- 0
Overview
Fully Leased Quadroplex on Over Half an Acre | Prime Investment Opportunity Near Booker T. Washington Park
Located on a quiet street just minutes from Highway 153, 8780 Millard Lee Lane presents a strong opportunity to own a fully leased quadroplex in a high-demand rental pocket of Chattanooga. Situated on over half an acre, this income-producing property features four 1-bedroom, 1-bathroom units, each with private entrances and off-street parking.
The property is currently generating $3,125/month in gross rental income, with all tenants on month-to-month leases, offering built-in flexibility and ample room to increase rents. Units are in B/C condition, making this a perfect value-add play for investors looking to improve cash flow through light updates or repositioning.
Just a short walk to Booker T. Washington State Park and the lake, this location offers access to outdoor amenities while remaining close to shopping, job centers, and major thoroughfares.
This is a rare find for investors seeking consistent income, low vacancy, and future upside potential—all on a spacious lot with favorable zoning.
Don't miss your chance to invest in a stable, cash-flowing asset with growth potential.
DO NOT DISTURB TENANTS. Information deemed reliable, but not guaranteed. BUYER to verify any and all information deemed important.
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 4
- Number of bathrooms
- 4
- Square feet
- 2,720
- Lot size (acres)
- 0.82
- Year built
- 1984
Utilities
- Heating
- Forced air
- Cooling
- Electric, Window unit(s)
- Sewer
- Septic tank
- Water
- Public
Taxes
- Tax Annual Amount
- $1,848.21
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®#: 1524663 Last checked: …
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