Chattanooga, TN 37412,3204 Gleason DR
Chattanooga, TN 37412,3204 Gleason DR
Chattanooga, TN 37412,3204 Gleason DR
Chattanooga, TN 37412,3204 Gleason DR
Chattanooga, TN 37412,3204 Gleason DR
Chattanooga, TN 37412,3204 Gleason DR
See all 11 photos

$269,500

$269,500

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

1,860 SqFt


SOLD DATE : 01/26/2024

Key Details

Sold Price $269,500

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,860 sqft

Price per Sqft $144

MLS Listing ID 1384112

Sold Date 01/26/24

Originating Board Greater Chattanooga REALTORS®

Year Built 1985

Lot Size 10,454 Sqft

Acres 0.24

Lot Dimensions 75X140

Property Description

Attention Investors! Prime East Ridge Duplex with Robust Monthly Income Potential
Discover a lucrative investment opportunity at 3204 Gleason Dr, an East Ridge duplex currently generating $2,250 in gross monthly rent, with the potential for an impressive $2,400 in total income. Key Features: Current Rental Income: This well-maintained duplex boasts a steady monthly income of $2,250, with units A and B contributing $1,125 each—the potential for increased rent positions this property as an attractive and profitable investment. Property Details: Each two-story unit spans 930 sqft and features two bedrooms and one bathroom. Built-in 1985, these residences offer a comfortable living space with a well-thought-out floor plan. Prime Location: Conveniently located just off I-24 in East Ridge, these properties offer a peaceful residential setting on a tranquil street. Their proximity provides swift access to downtown Chattanooga and the thriving Hamilton Place area, enhancing their appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a stable income stream for the investor. The residences are meticulously maintained, requiring minimal upkeep and offering a hassle-free investment opportunity. Affordable Rental Rates: Positioned on the more affordable side within the neighborhood, the current rental rates allow for potential increases, providing flexibility for optimizing returns.

The seller requests the highest and best offer by Monday, December 18 2023, at 5:00 p.m. (EST). Time-Limit Responses by 11:00 a.m of December 19. The seller retains the right to accept an offer at any time. Note: The seller wants to avoid dealing with escalating offers. Please advise your clients to submit their highest and best offer Positive Growth Outlook: With the community experiencing growth, a positive outlook exists for continued appreciation of property values. This factor adds to the long-term investment potential of the property. Contingency for Viewing: As the property is tenant-occupied, the seller requires an accepted offer with a contingency to view. This arrangement respects tenant privacy while facilitating a smooth transaction process. Rental Breakdown for 3204 Gleason Dr: 3204 A: Month-to-month lease, generating $1,125 monthly rent. 3204 B: Leased until 10/31/2024, contributing $1,125 to the monthly income. Take advantage of this exceptional investment opportunity! Secure your future income with 3204 Gleason Dr. today

Location

State TN

County Hamilton

Area 0.24

Interior

Interior Features Eat-in Kitchen

Heating Central, Electric

Cooling Central Air, Electric

Fireplace No

Heat Source Central, Electric

Exterior

Community Features None

Utilities Available Sewer Connected

Roof Type Shingle

Garage No

Building

Lot Description Level

Faces Go Ringgold Rd, West to South Seminole Dr, turn Right on South Seminole Dr go 1/2 mile turn Right on Gleason Dr. Duplexes on Right.

Story Two

Foundation Slab

Water Public

Structure Type Brick,Other

Schools

Elementary Schools East Ridge Elementary

Middle Schools East Ridge Middle

High Schools East Ridge High

Others

Senior Community No

Tax ID 156l C 001.01

Acceptable Financing Cash, Conventional, FHA, VA Loan, Owner May Carry

Listing Terms Cash, Conventional, FHA, VA Loan, Owner May Carry

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
SimpliHŌM - Making Real Estate Simple

SimpliHŌM - Making Real Estate Simple

+1(855) 856-9466

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Weichert Realtors-SEM Associates
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.