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Listed by Cindy Wallace • Compass Tennessee, LLC
$ 655,000
Est. payment | /mo
3,112 SqFt
$ 655,000
Est. payment | /mo
3,112 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,112 sqft
Price per Sqft $210
Subdivision Hetzel
MLS Listing ID 2885121
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,908
Lot Dimensions 191.7X178
Property Description
Welcome to 5727 North Morgan Lane, Chattanooga, TN—an exceptional investment opportunity offering consistent income potential. This recently renovated property comprises three 2-bedroom units and one 1-bedroom units, totaling 3112 square feet of living space. The entire building and individual units have undergone professional updates and renovations within the past year - see attached documents for details. Each unit features a back porch, inviting tenants to unwind and enjoy the outdoors, complemented by a generous lot that enhances the property's appeal. With tenants already in place, this investment ensures a steady financial return. Detailed rent rolls and further information are available upon request to serious buyers, currently grossing almost $4k per month.. Incredible opportunity to own a well-maintained, income-generating property in a desirable location in Chattanooga, TN.
Location
State TN
County Hamilton County
Zoning Residentia
Interior
Heating Other
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Hixson Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
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Ryan Thomas
Agent | License ID: SP58914