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4 Plex Multi-Family Minutes from Downtown Chattanooga
3335 Elder Mountain Road, Chattanooga, TN
$550,000
Price
4,526 sqft
Building Size
0.45 acres
Lot Area
Overview
Description
Location, Location, Location: Nestled in a prime location, this 4-Plex is strategically situated to captivate both residents and investors alike.
Located on Elder Mountain Road, the property enjoys the perfect balance of serene surroundings and easy assess to urban amenities. Embrace the scenic beauty of the mountains while being minutes from downtown Chattanooga. This location is appealing to both young professionals and families alike.
This low maintenance all brick 4 - Plex in desirable Lookout Valley, has ample parking and great yard space for tenants.
Each unit has 2 bedrooms and 1 and a half baths. Three of the units have been updated. Laundry hookups in each unit. Washer / dryers belong to tenants.
Current rental rates are $3125/month which is well below the potential rates for the area. Three units are month to month and one expires in November 2023.
Separately metered for all utilities.
This investment property is perfect for a first time or seasoned investor.
No showings until binding agreement. Do not disturb tenants.
Video are available for each unit.
Documents
Location
Gallery
