Fantastic Duplex Home Producing High Monthly Income

Asking $ 425,000
  • PRODUCING OVER $4,000 IN MONTHLY RENTAL INCOME! 
  • This fantastic duplex is located in the heart of Red Bank just minutes from Downtown Chattanooga.
  • With a lease already in place for one unit and the other used as a successful midterm rental, this is a no brainer for any investor looking to start or expand their Chattanooga portfolio.
  • This could also be a great fit for a financially savvy homeowner.
  • The property is situated on a huge lot and includes a large outbuilding.
  • It would also accommodate an additional ADU for someone desiring to add a rental unit.
  • It offers an 8-year-old metal roof, modern kitchen appliances, a new water heater in unit A, and many additional upgrades.
  • The property is tenant-occupied.
  • No showings until contract is accepted.

    • Updated On:
    • August 20, 2024
    • 4 Bedrooms
    • 2 Bathrooms
    • Detached Garages
    • 1,920.00 ft2
    • Year Built:1970
    Property Id: 67430
    Price: Asking $ 425,000
    Property Size: 1,920.00 ft2
    Property Lot Size: 11,325.00 ft2
    Rooms: 10
    Bedrooms: 4
    Bathrooms: 2
    Year Built: 1970
    Garage: Detached
    Basement: Crawl
    External Construction: Brick
    Roofing: Metal Roof
    Rent (mo): 3400
    ROI (ann): 21.3%
    Cashflow (mo): 686
    Property Taxes (mo): 166
    Insurance (mo): 165
    Repairs (mo): 75
    Management Fee (mo): 264
    Leasing Fee (ann): 825
    Vacancy Rate (ann): 48
    Other Features
    back yard
    fenced yard
    Transport
    Supermarkets
    Schools
    Restaurants
    Pharmacies
    Hospitals

    $ 2,545.97
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 2,014.72

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    Property Reviews

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    Information contained herein was obtained from sources deemed reliable, however, Simply Do It and/or the owner(s) of the property make no guarantees, warranties or representation as to the completeness or accuracy thereof. The presentation of the property is offered subject to errors, omissions, changes in price and/or terms, prior sale or lease or removal from the market for any reason without notice. The analysis is provided "As Is". All the information is believed to be accurate (except for the small effects of some simplifying assumptions), but is not guaranteed, and depends on the values entered for the property. This analysis is intended for the purpose of illustrative projections. The information provided is not intended to replace or substitute for any legal, accounting, investment, real estate, tax, or other professional advice, consultation, or service. Simply Do It and/or the owner(s) are not responsible nor liable for any damages arising from the use of the analysis info.

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