Income Generating Property Remodeled Quadraplex in Chattanooga

Asking $ 590,000
  • This multi-family quadraplex is nestled on a spacious half-acre lot in East Ridge. 
  • Well-maintained inside and out, this property provides ample parking and offers incredible potential for investors or resident owners alike.
  •  The 4,500 sq ft complex features two updated 2 bedroom, 1.5 bath units, each with direct access to a deck perfect for relaxing or entertaining.
  • Additionally, there are two 1 bedroom, 1 bath units located in the daylight basement, providing a cozy and private living space.
  • The property includes an older in-ground swimming pool that offers the option of being refreshed for summer fun or filled in to create additional parking space.
  • With gutters installed in 2019, this property is ready for its next chapter.
  • Whether you’re looking to expand your investment portfolio or find a home with rental income potential, this 4-plex is a rare opportunity in a prime location.
  • Don’t miss your chance to own this versatile and income-generating property!
  • Showings available after accepted offer with advanced notice to tenants. 

    • Updated On:
    • July 2, 2024
    • 6 Bedrooms
    • 5 Bathrooms
    • 4,500.00 ft2
    • Year Built:1977
    Property Id : 66956
    Price: Asking $ 590,000
    Property Size: 4,500.00 ft2
    Property Lot Size: 27,007.00 ft2
    Rooms: 19
    Bedrooms: 6
    Bathrooms: 5
    Year Built: 1977
    External Construction: Partial Brick
    Roofing: Shingle
    Rent (mo): 5125
    ROI (ann): 23.4%
    Cashflow (mo): 1394
    Property Taxes (mo): 300
    Insurance (mo): 179
    Repairs (mo): 75
    Management Fee (mo): 406
    Leasing Fee (ann): 1269
    HOA (mo): 0
    Vacancy Rate (ann): 48
    Other Features
    back yard
    pool
    Transport
    Supermarkets
    Schools
    Restaurants
    Pharmacies
    Hospitals
    $ 3,534.40
    per month
    • Principal and Interest
    • Property Tax
    • HOA fee
    $ 2,796.90

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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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