Rare investment property opportunity with huge upside income potential without costly capital improvements. Legacy rent on the leased side is far below potential. Located just outside the ever-popular St. Elmo historic district. Convenient to shopping, restaurants, entertainment, downtown, post office, library, fire station, Lookout Mountain, and highways. Your renters will enjoy this townhome alternative to overcrowded apartment living. This solid asset is under 30 years old, avoiding many of the challenges of owning older rental properties in the city. One side is owner-occupied and available for viewing with notice. Townhome investments like this are very hard to find these days. Hesitate and you may miss your chance for future profits!
Sold for $305,000 on 02/27/24
$305,000
913 W 38th St, Chattanooga, TN 37410
8beds
2,220sqft
Duplex
Built in 1996
-- sqft lot
$312,100 Zestimate®
$137/sqft
$1,342 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: December 14, 2024 at 12:11am
Listed by:
Philip H Lancaster 423-400-0101,
Rock Point Real Estate, LLC,
Wanda E Chubbs,
Rock Point Real Estate, LLC
Bought with:
Philip H Lancaster, 296531
Source: Greater Chattanooga Realtors,MLS#: 1385480
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Central, Electric
Cooling
- Central Air, Electric
Features
- Eat-in Kitchen
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 2,220
- Total interior livable area: 2,220 sqft
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Stories: 2
Lot
- Size: 0.26 Acres
- Dimensions: 52.5 x 218
- Features: Flag Lot, Level
Details
- Parcel number: 155n E 031
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex
Materials
- Aluminum Siding, Brick
- Foundation: Slab
- Roof: Shingle
Condition
- New construction: No
- Year built: 1996
Utilities & green energy
- Water: Public
- Utilities for property: Sewer Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Chattanooga
- Subdivision: Long Street Addn
Other
Other facts
- Listing terms: Cash,Conventional,Owner May Carry
Services availability
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Estimated market value
$312,100