Ok Investors!
First off.. let me tell you that the Chattanooga area has a HUGE shortage of rental units.. I get calls on my rentals 4-5 times PER DAY from people looking for places.
So this property was a brick duplex at one point and then was converted to a single family. Because of that, it is now a 5 bedroom & 2 bath home.
This one really does not need much at all.. honestly, if you wanted, you could put tenants in there as it is. I think what I would do is put some LVT flooring in and give it a fresh coat of paint to make it a little more desirable.
This one has been rehabbed so the roof is pretty recent and there are insulated vinyl windows all the way around. More good news.. the walls are solid block so the unit is pretty indestructible which lowers your long term maintenance costs!
Check out the pictures and the walk through video.
This one should rent in the $1,000 to $1,200 per month range. Section 8 will pay up to. $1,392 per month if you put the utilities in the lease amount.
No matter what, this deal crushed the 1% rule for investors by a long shot even with 2-3k in upgrades.
Don't drag your feet on this one.. click the "Make An Offer" button on the side and lock this one down!
Rehabbed Brick Rental - Downtown Chattanooga
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