506 Hargraves Avenue
Property Description
Investment opportunity with upcoming owner-occupant potential! This Chattanooga duplex features two 2-bedroom, 1-bath units with washer/dryer hookups and separate utility meters. Currently generating $1,900/month in rental income, with one long-term tenant in place since 2018. One unit is expected to become vacant this month, creating a limited opportunity for an owner-occupant to live in one side while collecting rental income from the other. Sellers plan to re-lease the vacant unit if a purchase contract is not secured, making this a great option for both investors and buyers interested in a house-hack opportunity. There will be a limited window for in person showings on the vacant side once tenant vacates at EOM. Recent improvements include updates to the water supply and waste lines since listing. Along with central HVAC, several vinyl windows, and carpet replaced in 2019. Property sits on a gently sloped lot on a quiet street with a shared fenced backyard. Please do not disturb tenants. Showing restrictions apply while occupied; contact listing agent for current availability and showing instructions.
Broker Details
Real Estate Partners Chattanooga LLC (423) 265-0088
MLS ID: 14623 State License Number: 365457
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $254,000 |
| No. of Units: | 2 |
| Year Built: | 1950 |
| Lot Size: | 1,378.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $127,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 2 |
ID: 3yd-CARTN-1533085
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