The Duplex and the 3/1 house are on one meter

& the 1/1 is on it’s own meter.

1600 Chippewa is a single lot with two structures on it.

1. The original residence is a 3 bedroom 1 bath home. It is currently rented for $600/month.

It has a significant amount of deferred maintenance, but the tenant is long term and is

not asking for repairs to be made. If the property would be vacated it would need new

flooring and minor remodel to be rented. Rent includes water/sewer. This house

has a newer roof on it.

2. Right side is rented at $125/week. The tenant is the mother of the tenant of the 3/1.

She has been there for several years. Rent includes electricity and water/sewer. It is in

rentable condition, but would need a minor remodel if the tenant were to move out.

3. Left side is rented at $125/week. Rent includes electricity and water/sewer. It is in

rentable condition, but would need a minor remodel if the tenant were to move out.

4. There is also a Garage/carport out building that the right side tenant uses, but it is not

included in the lease. He just lets him work on cars in it from time to time.

1610 Chippewa is a small efficiency 1/1.

1. This I believe was the original garage to the property and was turned into a residence

many years ago. It is currently rented at $125/week by a long term tenant. It is a 1/1

efficiency apartment. The seller just fixed some wall and flooring issues and the tenant is

moving back in this week. It is in rentable condition with no urgent repairs needed. Rent

includes electricity and water/sewer. This house has a newer roof on

Purchase Price: 85,000

Rental Income: $1,200 (+1 more unit)

Rehab: Light to Moderate

📞 Give Brooke a call or shoot her a 📲 text for more info on this killer deal! (423) 437-0991

💪 You can click the 🙌 WIN IT NOW button and avoid all the bidding and 🔐 lock this one down right now 💥

Ok, yes this one has some rough around the edges spots.. BUT.. killer income opportunity with the 3 rented units. Also, the 4th unit (garage) could be converted into even more living space. There are not a lot of multi-family units out there and this is an amazing chance to take something and add value and bump the rents. The Cleveland, TN market is growing fast because Chattanooga prices have been going up so much over the past 5 years.

Call Brooke Right Away So You Don't Miss Another Deal!

This property will close at Key Title in Chattanooga, TN