1204 E 34th Street, Chattanooga, TN 37407

$199,000
: 2
BD
: 1
BA
: 840
SqFt

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List Price: $199,000
Status: ACTIVE
MLS#: 1544144
Subtype: Residential
Style: Ranch
Year Built: 1950
Bedrooms: 2
Bathrooms: 1
Full Baths: 1
Living Area: 840
Lot Size: 6,969
Acres: 0.16
Subdivision: White City Ammended

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Property Description

Great investment opportunity! This property offers an 840 sq. ft. 2 bed / 1 bath main house along with a separate 454 sr. ft. 2 bed / 1 bath ADU located at the rear of the property. With two separate living spaces, this property offers plenty of flexibility. An investor could potentially generate approximately $2,000 per month in combined rental income, while an owner occupant could live in one space and rent the other to help offset monthly expenses. The main house is currently vacant and rent ready while the ADU is currently occupied with a tenant paying $795/mo. ADU can be accessed by a public ally. Please DO NOT disturb the tenant. This property is conveniently located with access to downtown and major roadways, this could be a great addition to a rental portfolio or an opportunity for someone looking to own a home while creating additional rental income. Buyer to verify square footage, zoning, permitted use of the ADU, rental potential, and any other information deemed important. Rental income is projected and not guaranteed. ** ADU is tenant occupied and may not be shown until after contract in is place. **

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Additional Information

Interior Features: Breakfast Bar, Ceiling Fan(s)
Exterior Features: None
Taxes: $909
Property Description: Ranch
Appliances: Free-Standing Electric Range, Refrigerator
Heating: Electric, Wall Furnace
Air Conditioning: Ceiling Fan(s), Electric, Window Unit(s)
Exterior Features: Block, Fiber Cement
Stories: 1
Levels: One
Roof: Membrane, Shingle
Foundation: Block
Parking Features: Gravel, Off Street, On Street
Elementary School: Calvin Donaldson Elementary
Middle School: East Lake Academy Of Fine Arts
High School: Howard School Of Academics & Tech