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4057 Arbor Place Lane, Chattanooga, TN 37416

$310,000
  • 4057 Arbor Place Lane, Chattanooga, TN 37416 Main Photo

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Contingent
BEDS0 BATHS SQUARE FEET1,816 MLS#1531301
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHarbor Place NEIGHBORHOODChattanooga

Property Description

Looking for a turnkey rental that qualifies for the rare 1% rule? Welcome to 4057 & 4059 Arbor Place Ln, a fully remodeled duplex offering a prime opportunity for both investors and house hackers in Chattanooga.Each unit features 2 bedrooms and 1 bathroom with identical layouts and renovations completed just two years ago. Inside, you'll find fresh interior paint throughout, LVP flooring, recessed lighting in the living room, and a wood-burning brick fireplace that adds character. The kitchens are finished with butcher block countertops, white cabinetry, and stainless steel appliances.The laundry room provides access to the private, level backyard, all situated on a flat 0.23-acre lot. The property is designed for low maintenance with a metal roof, brick exterior, and new HVAC systems installed in 2024. Tenants pay all utilities except landscaping, helping keep operating costs low. Each unit has a separate driveway providing added privacy and convenience. This property is already producing income with 4057 leased at $1,296/month while 4059 is now vacant and previously rented for $1,395/month. Whether you're looking to add two turnkey rental units to your portfolio or house hack by living in one side while the other helps offset your mortgage, this property offers immediate income and flexibility.Located just minutes from Chickamauga Lake, Wolftever Boat Dock, Booker T. Washington State Park, and Harrison Bay State Park, with convenient access to shopping and dining along Highway 58, and only 15 minutes to downtown Chattanooga.Buyer to verify all information.

4057 Arbor Place Lane | MLS# 1531301

This multi-family property located at 4057 Arbor Place Lane, Chattanooga, TN 37416 is currently listed for sale with an asking price of $310,000. Search Chattanooga real estate on online.fusion2b.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Fireplaces: 1
Fuel Type: Electric
Heating: Central, Electric
Home Style: Ranch
Lot Size: 0.23 Acres
Taxes: $2,423
Year Built: 1967

Units

Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1296.00
Square Footage: 908
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Square Footage: 908

Feature Descriptions

Appliances: Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s)
Common Amenities: None
Days on Site: 7
Exterior: Brick, Wood Siding
Fireplace: Living Room, Wood Burning
Flooring: Luxury Vinyl
Interior Amenities: Eat-in Kitchen, Open Floorplan, Recessed Lighting
Lot: Level
Lot Dimensions: 90X115
Parcel #: 120o G 015
Parking: Driveway, Off Street
Patio/Porch: Front Porch, Porch - Covered
Tenant Pays: All Utilities
Utilities: Sewer Connected

Local Schools

High School: Central High School
Middle School: Brown Middle
Elementary School: Harrison Elementary

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Phone: 423-664-1900

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CARMLS

Estimate Your Payment

Estimated Payment

$ 982.26 per month $689.93 Principal & Interest $201.92 Property Tax $90.42 Homeowner's Insurance

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