Chattanooga Rental Deal - Tenants in Place!

Hamilton County, Chattanooga, TN, 37411
Sold
Listed at: September 24th, 2020
Price
$49,000
ARV
$69,000
Gross Margin
$20,000
Sq. Footage
690
Type
Attached
Parking
Driveway
Year build
1940
Lot size
acres
Bedrooms
2
Bathrooms
1.0
Half Bathrooms
0
Summary

2 Bedrooms 

1 Bathroom 

690 Sq ft 

Solid rental area! 

Built in 1940 

Long term tenant (4 years) $450 month to month 

Tenant works out of the yard as a mechanic and would like to stay. 

Market rent here is $650 per month 

Roof- 2 to 3 years old 

HVAC- 1-year-old 

Water heater and thermostat-1 year old 

Newer baseboards 

Newer gutters 

New Fascia 

Tenant maintains yard


All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are an realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-ai, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $2,000 non-refundable deposit (cashiers check) at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of my contract with the seller to the end buyer.

All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract (w/ equitable interest) with the seller of the property. I am not the owner of record.I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $595 closing fee to ezREIclosings for transaction coordination.
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Tunnel Blvd Turn Key Rental

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Olds

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Disposition manager