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4061 Teakwood Drive, Chattanooga, TN 37416

$322,000
  • 4061 Teakwood Drive, Chattanooga, TN 37416 Main Photo

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Contingent
BEDS0 BATHS SQUARE FEET1,920 MLS#1525188
STATUSContingent PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHarbor Place NEIGHBORHOODChattanooga

Property Description

PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDEFantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns.Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort?ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates.The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements.Located in an area with strong rental demand, this duplex checks all the boxes for a smart investment: brick construction, single-level layout, flexible leasing options, and income growth potential.Seller is ready to make a deal?don't miss this opportunity to add a high-upside property to your portfolio.

4061 Teakwood Drive | MLS# 1525188

This multi-family property located at 4061 Teakwood Drive, Chattanooga, TN 37416 is currently listed for sale with an asking price of $322,000. Search Chattanooga real estate on online.fusion2b.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Electric
Fuel Type: Electric
Heating: Central, Electric, Forced Air
Home Style: Ranch
Lot Size: 0.25 Acres
Taxes: $2,423
Year Built: 1969

Units

Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Square Footage: 960
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1300.00
Square Footage: 960

Feature Descriptions

Appliances: Dishwasher, Electric Oven, Free-Standing Electric Range, Free-Standing Range, Microwave, Oven, Refrigerator, Washer/Dryer
Days on Site: 112
Exterior: Brick, None
Exterior Amenities: Private Yard, Rain Gutters
Flooring: Carpet, Luxury Vinyl
Interior Amenities: Tub/shower Combo, Laminate Counters, Open Floorplan, Primary Downstairs
Laundry: Main Level, In Unit
Lot: Back Yard, Level, Private, Rectangular Lot
Parcel #: 120o H 014
Parking: Driveway, Off Street
Patio/Porch: Patio
Utilities: Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Windows: Vinyl Frames

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: EXP Realty, LLC
Agency Phone: 888-519-5113

Shown By

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

IDX logo

Source: CARMLS

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Estimated Payment

$ 1,012.47 per month $716.63 Principal & Interest $201.92 Property Tax $93.92 Homeowner's Insurance

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