Great for Leasing Single Family Home at Street Main Location

Asking $ 225,000
  • One of 3 incoming-producing, neighboring homes is now for sale!
  • A 4 bedroom, 2 bath home located in downtown Chattanooga and near East Ridge.
  • From the front porch, you’ll enter a large living room and dining room with vaulted ceilings.
  • A galley-style kitchen is complete with a breakfast bar that is open to the dining room.
  • Continuing through the home, you’ll find 4 bedrooms.
  • The primary bedroom has an ensuite bath with tub/shower combo.
  • The other full bathroom also has a tub/shower combo and a separate sink.
  • The laundry area is located at the back of the home.
  • The home was most recently leased at $1800/month.
  • This home is perfect for an investor looking to build their real estate portfolio.
  • Exterior photos are of the exact unit.
  • Interior photos are of a similar unit (2712 E Main St.).
  • The property is occupied. Do not disturb tenants.
  • Updated On:
  • March 27, 2024
Property Id : 65441
Price: Asking $ 225,000
Property Size: 1,248.00 ft2
Property Lot Size: 7,500.00 ft2
Rooms: 8
Bedrooms: 4
Bathrooms: 2
Year Built: 2003
External Construction: Vinyl Siding
Roofing: Shingle
Rent (mo): 1825
ROI (ann): 19.1%
Cashflow (mo): 276
Property Taxes (mo): 103
Insurance (mo): 125
Repairs (mo): 75
Management Fee (mo): 142
Leasing Fee (ann): 444
HOA (mo): 0
Vacancy Rate (ann): 48
Other Features
back yard
balcony
deck
Transport
Supermarkets
Schools
Restaurants
Pharmacies
Hospitals
$ 1,347.86
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 1,066.61

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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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