Residential Rentals in Rossville - 2 SFHs on Same Parcel

Multi-Family for Sale
Catylist Listing ID: 30454791
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 2 Units
Building Size (RSF): 1,782 SF
Gross Building Area: See Agent
Sale Price: $169,900
Unit Price: $84,950 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: Single Family X 2
Sale Terms: Cash to Seller
Cap Rate: 7.3%
Last Updated: 7/5/2019

Overview / Comments

RENTAL INVESTMENT X 2! Investor retiring! This meticulously maintained investment property would be perfect for a seasoned or first time investor. Featuring two single family homes convenient to Chattanooga (not currently configured as a duplex nor considered multi-family). The larger is 3 br / 1.5 baths and 1144 sq ft. The smaller is 2 beds and 1 bath at 638 sq ft. Both feature central HVAC, almost NEW ROOF, vinyl siding, recent plumbing upgrades, and hardwood and vinyl floor coverings. The 3 br home includes a screened porch, and the 2 br home has covered parking. Water is shared. Great cash flow potential with solid rental history. Come see this turnkey opportunity! Information is deemed accurate but not warranted. Buyer to verify all listing details, schools, sq ft, zoning, etc. Bedroom and bath counts are combined between the dwellings. Rental history and financial details are available upon request.


Finance Data Year 2018
Real Estate Taxes - Annual($) $1,258 (Annual)
Gross Operating Income $20,400 (Annual)
Net Operating Income $12,510 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County, City of Rossville
Tax ID/APN: 2012 116
Zoning: RVR2
Property Located Between: Chattanooga and Fort Oglethorpe
Highway Access: Hwy 27 / Rossville Blvd is just a quick drive away, convenient to downtown Chattanooga, Fort Oglethorpe and Chickamauga
Airports: Lovell Field / Chattanooga
Site Description: level, corner residential lot
Area Description: The property is located just outside and between Chattanooga and Fort Oglethorpe. Rossville offers suburban living within minutes to all downtown Chattanooga has to offer and is a very short drive the great restaurants, shopping, and amenities of North Georgia, as well as the nearby Chickamauga Battlefield / Military park for plenty of opportunities to enjoy the outdoors and explore nature.
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 1
Year Built: 1956
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Low maintenance vinyl siding, almost new roof, updated / modern plumbing, HVAC approximately 10 +/- years old, and recent vinyl windows installed in the smaller unit.
Parking Type: Surface
Parking Description: 1 car carport attached to smaller dwelling and surface parking for the larger unit -- both off street at the residence entries.
Total Parking Spaces: 4
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Gigabit, Fiber Optic
Interior Description: The smaller unit has been mostly updated in recent years with vinyl windows, linoleum, refinished hardwood in the last 10 years in great condition, and fresh paint. The larger unit has had fewer updates to cosmetics but both units appear to be in excellent condition. Plumbing has all been modernized with Pex, roof is nearly new, etc.
Zoning Description: Single family / residential Rossville district, per Walker County tax records
Water Service: Municipal
Sewer Type: Municipal
Legal Description: LT 77 BK 7 ROSS LAND CO ADD # 1 Walker County deed book 1576 p 73 Tax parcel ID: 2012 116

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,417 53,827 123,257
Median Age: 37.58 37.09 37.47
Households: 2,577 21,983 50,168


Photograph of Listing Agent

Daren Headrick

PalmerHouse Properties Greater Chattanooga REALTORS® Member
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