UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Pending
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $167
Subdivision Harbor Place
MLS Listing ID 1525188
Style Ranch
Year Built 1969
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Duplex
Source Greater Chattanooga REALTORS®
Property Description
Fantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns.
Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort—ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates.
The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements.
Located in an area with strong rental demand, this duplex checks all the boxes for a smart investment: brick construction, single-level layout, flexible leasing options, and income growth potential.
Seller is ready to make a deal—don't miss this opportunity to add a high-upside property to your portfolio.
Location
State TN
County Hamilton
Area 0.25
Interior
Interior Features Laminate Counters, Open Floorplan, Primary Downstairs, Tub/shower Combo
Heating Central, Electric, Forced Air
Cooling Central Air, Electric
Flooring Carpet, Luxury Vinyl
Fireplace No
Window Features Vinyl Frames
Appliance Washer/Dryer, Refrigerator, Oven, Microwave, Free-Standing Range, Free-Standing Electric Range, Electric Oven, Dishwasher
Heat Source Central, Electric, Forced Air
Laundry In Unit, Main Level
Exterior
Exterior Feature Private Yard, Rain Gutters
Parking Features Driveway, Off Street
Garage Description Driveway, Off Street
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Phone Available, Sewer Available, Sewer Connected, Water Available, Water Connected
Porch Patio
Garage No
Building
Lot Description Back Yard, Level, Private, Rectangular Lot
Faces From the Chattanooga Airport, take 153N to Exit 5A, then turn left onto Webb Road and follow to make a right onto Webb Road then turn left on Teakwood, and the duplex will be on your right.
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Brick,None
Schools
Elementary Schools Harrison Elementary
Middle Schools Brown Middle
High Schools Central High School
Others
Senior Community No
Tax ID 120o H 014
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Virtual Tour https://www.zillow.com/view-imx/d3c75a9d-cab1-40b9-bf95-e3dab856c13f?wl=true&setAttribution=mls&initialViewType=pano
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Jodi Newell
Realtor | License ID: GA 373648 TN 336487
Realtor License ID: GA 373648 TN 336487