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3206 Gleason Drive, Chattanooga, TN 37412
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$269,500
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Home Details for 3206 Gleason Drive
Price
$269,500
Type
Multi Family
Total Bathrooms
2.0
Full Bathrooms
2.0
Year Build
1985
Sq. Ft.
1860
County
Hamilton
Basement
None
Tax
$2,222.07
MLS®️ Listing#
20238523
On exitrealty.com
377 days
Property Description
Attention Investors! Prime East Ridge Duplex with Strong Rental Potential. Welcome to 3206 Gleason Dr, a lucrative investment opportunity in East Ridge, Chattanooga. This well-maintained duplex currently generates $1,925 in gross monthly rent, with the potential for an impressive $2,400 in total income. Key Features: Current Rental Income: The property presently yields $1,925 in gross monthly rent, with unit A fetching $1,125 and unit B contributing $800. However, there is untapped potential for increased rent, positioning this duplex as an attractive investment. Property Details: Each two-story unit spans 930 sqft and features two bedrooms and one bathroom. Built-in 1985, these residences offer a comfortable living space with a well-thought-out floor plan. Prime Location: Conveniently located just off I-24 in East Ridge, these properties offer a peaceful residential setting with swift access to downtown Chattanooga and the bustling Hamilton Place area. This prime location enhances the property's appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a steady income stream for the investor. The residences have been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Affordable Rental Rates: The current rental rates are positioned on the more affordable side within the neighborhood, allowing for potential increases in line with market trends. This flexibility provides room for optimizing returns.
The seller requests the highest and best offer by Monday, December 18 2023, at 5:00 p.m. (EST). Time-Limit Responses by 11:00 a.m of December 19. The seller retains the right to accept an offer at any time. Note: The seller wants to avoid dealing with escalating offers. Please advise your clients to submit their highest and best offer
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- Utilities
- Natural Gas Available
- Sewer Connected
- Natural Gas Connected
- Electricity Connected
- Heating Information
- Central
- Electric
- Cooling Information
- Central Air
- Water Features
- Public
- House Interior
- Eat-in Kitchen
- Parking
- Concrete
- Basement
- None
School Information
School Information for 3206 Gleason Drive
Elementary School
East Ridge
Middle School
East Ridge
High School
East Ridge
Listing courtesy: Weichert REALTORS - SEM Associates -Cleveland - 423-380-8872
Listings courtesy of River Counties AOR.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
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Market statistics compiled from data from River Counties AOR.
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$269,500
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EXIT PROVISION REALTY
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