Here is another killer deal on a rental.

The East Lake area of Chattanooga is becoming pretty desirable or landlords who don't want to break the bank but still get solid returns.

This one has 10+ year tenants in place. They were at $500 per month. The previous owner had given them 2 months of no rent during Covid but we have spoken to them and let them know that $650 was the rent going forward. They will need to be put on a new lease after the closing.

1,050 sq ft

Built in 1930

Last sold for 49k in 2007!

Tax Appraisal $55,000

Annual Taxes $693.30

Lot is 52' x 140'

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-is, 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.