1511 S Greenwood Avenue, Chattanooga, TN 37404
- $399,900
- 8
- BD
- 4
- BA
- 2,936
- SqFt
- List Price
- $399,900
- Status
- ACTIVE
- MLS#
- 1540013
- Subtype
- Residential Income
- Year Built
- 1920
- Bedrooms
- 8
- Bathrooms
- 4
- Living Area
- 2,936
- Lot Size
- 7,840
- Acres
- 0.18
- Subdivision
- Stone & Evans
Property Description
Investment opportunity in Chattanooga's Southside featuring two duplexes with a total of four income-producing units. Located just off Main Street, the properties are positioned in one of Chattanooga's most active urban neighborhoods, with convenient access to Downtown and the restaurants, shops, entertainment, and businesses throughout the Southside. Each unit currently rents for $900 per month, providing a combined rental income of $3,600 per month, or $43,200 annually at current rents. With four separate units across two duplexes, the property offers an established income stream while giving an investor flexibility for future rental strategies and improvements. The combination of existing rental income and a location just off the Main Street corridor makes this an attractive opportunity for an investor looking to add multifamily property in the Southside Chattanooga area. Owner/Agent.
Additional Information
- Exterior Features
- Private Yard
- Taxes
- $4,399
- Appliances
- Electric Oven, Electric Water Heater, Free-Standing Electric Range, Refrigerator
- Heating
- Electric
- Air Conditioning
- Electric, Wall Unit(s)
- Levels
- One
- Roof
- Shingle
- Foundation
- Block
- Parking Features
- Gravel, Off Street
- Elementary School
- Eastside Elementary
- Middle School
- Orchard Knob Middle
- High School
- Howard School Of Academics & Tech
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Listing courtesy of Keller Williams Realty.