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
