TN
Hamilton
Chattanooga
37412
3206 Gleason Drive
3206 Gleason Drive, Chattanooga, TN 37412
Listing Type
multi family
Listing Status
under contract
13
$269,500

Home Details for 3206 Gleason Drive

Price
$269,500
Type
Residential Income
Bedrooms
0
Bathrooms
2.0
Square feet
NaN
Year built
1985
County
Hamilton
Garage
Basement
None
Days on site
220
MLS Listing#
20238523
Listing courtesy: Weichert REALTORS - SEM Associates -Cleveland - 423-380-8872
Property Description

Attention Investors! Prime East Ridge Duplex with Strong Rental Potential. Welcome to 3206 Gleason Dr, a lucrative investment opportunity in East Ridge, Chattanooga. This well-maintained duplex currently generates $1,925 in gross monthly rent, with the potential for an impressive $2,400 in total income. Key Features: Current Rental Income: The property presently yields $1,925 in gross monthly rent, with unit A fetching $1,125 and unit B contributing $800. However, there is untapped potential for increased rent, positioning this duplex as an attractive 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 with swift access to downtown Chattanooga and the bustling Hamilton Place area. This prime location enhances the property's appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a steady income stream for the investor. The residences have been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Affordable Rental Rates: The current rental rates are positioned on the more affordable side within the neighborhood, allowing for potential increases in line with market trends. This flexibility provides room 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

Property Features
  • Utilities
    • Sewer Connected
    • Natural Gas Connected
    • Electricity Connected
  • Heating Information
    • Central
    • Electric
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • House Interior
    • Eat-in Kitchen
  • Basement
    • None
School Information
School Information for 3206 Gleason Drive, Chattanooga, TN 37412
Elementary School
East Ridge
Middle School
East Ridge
High School
East Ridge
Listings courtesy of River Counties AOR.
IDX information is provided exclusively for consumers’ personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.
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Neighborhood Market Statistics
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Median Listing Price
Median Days on Site
Median Square Feet
Market statistics compiled from data from River Counties AOR.
EXIT PROVISION REALTY
1592 Clingan Ridge Dr. NW, Cleveland, TN 37312
Office
423 472 9200
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