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1204 E 34th Street, Chattanooga, TN 37407

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

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List Price: $199,000
MLS#: 1544144
Bedrooms: 2
Full-baths: 1
Sq. Ft: 840
Acres: 0.16
Year Built: 1950
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

Style: Ranch
Stories: 1
Exterior: Block, Fiber Cement
Interior: Breakfast Bar, Ceiling Fan(s)
Roof: Membrane, Shingle
Foundation: Block
Appliances: Free-Standing Electric Range, Refrigerator
Exterior Features: None
Lot Description: Back Yard, City Lot, Front Yard, Level, Rectangular Lot
Cooling: Ceiling Fan(s), Electric, Window Unit(s)
Heating: Electric, Wall Furnace
Elementary School: Calvin Donaldson Elementary
Middle School: East Lake Academy Of Fine Arts
High School: Howard School Of Academics & Tech
Financing Available: Cash, Conventional, FHA, VA Loan