Duplex in East Ridge, TN

2 Unit Apartment Building | $279,000 ($139,500/Unit) | Chattanooga, TN 37412

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $279,000

Property Type
Multifamily
Square Feet
1,800 SF

Listing Contacts

Erik Palmer
Erik Palmer
Verified Profile
  • Property Info

Property Overview

$279k DUPLEX FOR SALE @ 1315 San Hsi Dr, Chattanooga (East Ridge), TN. Ideally located in East Ridge, just minutes from I-75 exit #1 (1st exit in TN), Camp Jordan, Dining, Entertainment, Shopping, & Medical Facilities. This 1984 multifamily property with 1,800 SF features two units, ensuring a comfortable living experience for tenants. The Right side (Unit A) was updated six years ago and includes a new water heater, while the Left side (Unit B) was updated eight years ago. Both units are equipped with newer HVAC systems and appliances, offering efficient and reliable utilities. This duplex also boasts a detached carport/garage combination, providing ample parking and storage space. With long-term tenants in place, the Right side (Unit A) currently rents for $750 monthly and the Left side (Unit B) for $1,100 monthly, both on a month-to-month basis. The seller is offering a $685 First American One-Year Home Warranty to the buyer if requested on an acceptable offer. Showings are by appointment only and will be scheduled after a binding contract is in place during the inspection period (property being sold ''as is''). Take advantage of this incredible investment opportunity in a prime Chattanooga location in the booming East Ridge area! Contact the listing agent for more information and to arrange a showing after the contract is binding.

Property Details

Class
C
Year Built/Renovated
1984/2016
Stories
2
Lot Size (sq. ft)
7,405 SF
Units
2

Highlights

  • Located in East Ridge TN by Camp Jordan & i75 exit 1
  • M2M Tenants
  • Duplex with off street parking and Garage/Carport

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