OFF Market Duplex For Sale Under $160K in Eastridge

4 Beds / 2 Baths • 1,380 SqFt
Offer Submission Deadline
  • 2-4 Unit
  • 4
  • 2
  • 1987
  • 1380
  • 1380
  • No Garage

Description

OFF MARKET DUPLEX FOR SALE (ASSIGNMENT)

111 S Seminole Dr. Chattanooga, TN 37411

2-Unit Multi-Family in Chattanooga (Missionary Ridge / Brainerd)

ASKING $155,000 or Best Offer

Property Breakdown:

Total: 4 Beds/2 Baths

Individual: 2 Bed/1 Bath (Individual)

Both sides identical

1,380 sq ft

Built in 1987

Lot Size: 1 Acre

Current Cash Flow:

• Tenant-occupied side paying $600/mo on time

• Other side vacant and ready for lease or renovation

Market Rent (Pro Forma):

• Estimated $1,000/mo per side (total $2,000/mo) once rehabbed and stabilized

Property Condition:

• Property needs work, perfect for a value investor to increase rent and property value.

• Rehab scope TBD by buyer (photos available + one-time walkthrough scheduled).

• Upside from cosmetic and systems updates (kitchen/bath, flooring, paint, mechanicals).

Inspection & Due Diligence

• One-time in-person walkthrough scheduled, contact Mallie to attend the showing at (323) 236-9745

Accepting Cash/HML offers. Property is being sold "as is." Buyer is responsible for their own due diligence. Buyer to pay all closing costs. All offers will require a $2,000 non-refundable earnest money deposit.

*Wholesalers/Agents: If you have a buyer, add your fee on top of asking price

Estimated Spread

  • Price $155,000
  • Spread -$155,000

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