506 Hargraves Avenue, Chattanooga, TN 37411
- $255,000
- 4
- BD
- 2
- BA
- 1,378
- SqFt
- List Price
- $255,000
- Status
- ACTIVE
- MLS#
- 1533085
- Style
- Contemporary
- Bedrooms
- 4
- Bathrooms
- 2
- Living Area
- 1,378
- Subdivision
- Shawnee Park
Property Description
Income-producing duplex offering both immediate rental income and upcoming owner-occupant potential. Each unit features 2 bedrooms, 1 bath, washer/dryer hookups, separate utility meters, and central HVAC. Currently generating $1,900/month in rental income, with one tenant in place since 2018 and the second lease expiring in August--creating an excellent opportunity for an owner-occupant to live in one unit while offsetting their mortgage with rental income, or for an investor to lease the unit at market rent. Major updates include central HVAC, several vinyl windows, and carpet replaced in 2019. Sellers are also completing replacement of the horizontal water supply and drain plumbing (estimated completion early august), further enhancing the property's value and marketability. Situated on a level lot on a quiet street with a shared fenced backyard, this property offers flexibility for both investors and owner-occupants in Chattanooga's growing market. Please do not disturb tenants. Showings available during due diligence with an accepted purchase agreement or Letter of Intent.
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Additional Information
- Exterior Features
- None
- Interior Features
- Tub/shower Combo, Ceiling Fan(s), Entrance Foyer, Pantry
- Roof
- Asphalt, Shingle
- Floors
- Carpet, Tile, Vinyl
- Heating
- Central, Electric
- Cooling
- Central Air
- Sewer
- Public Sewer
- Water
- Public
- Elementary School
- Woodmore Elementary
- Middle School
- Dalewood Middle
- High School
- Brainerd High
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Listing courtesy of Real Estate Partners Chattanooga LLC.