Duplex Package in Chattanooga

Multi-Family for Sale
Catylist Listing ID: 30798334
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 4,629 SF
Gross Building Area: See Agent
Sale Price: $700,000
Unit Price: $350,000 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,629 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/2/2022

Overview / Comments

TWO PROPERTY PACKAGE!
4318 and 4324 Worsham Ave are income producing duplexes conveniently located in the convenient East Ridge area, just off South Terrace and Marlboro Ave, minutes to downtown Chattanooga, East Brainerd and East Ridge.

4316-4318 Worsham Ave units are 2 bedroom 2 bath and 2 bedroom 2 bath
Both have a laundry closet. The property was remodeled in 2021 and the roof was replace in 2019. Currently fully occupied and rents for $1100 and $1000 per month, but market value is $1600 per month per side.

4324-4326 Worsham features one unit with 2 bedrooms and 1 bath and one unit with 3 bedrooms and 2 baths. Both feature main level living room with fireplace, kitchen with combined dining area and spacious bedrooms. 4326 has been remodeled and the entire duplex features a new roof. The property offers a huge backyard, off street parking and patio. Currently occupied and renting for the following amounts: 4324 Worsham- $1000 and 4326 Worsham -$900.​ Market value is $2200 for a 3 bedroom 2 bath and $1300 for a 2 bedroom 1 bath.​ Buyer to verify square footage.​

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 157O K 015
Percent Occupied: 100%
Highway Access: I-24 and I-75
Airports: Chattanooga Airport
Site Description: Level yards.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 2
Roof Type: Arched
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Off street parking
Total Parking Spaces: 2
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,631 77,588 158,375
Median Age: 39.49 37.13 37.29
Households: 4,714 32,221 65,810

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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