BEDS3
BATHS1 full 1 partial
SQUARE FEET1,062
MLS#1540427
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONAvondale
NEIGHBORHOODChattanooga
Property Description
NEW PRICE - $189,900 | TENANT-OCCUPIED INVESTMENT PROPERTYAdd an income-producing Chattanooga rental to your portfolio with a tenant already in place and immediate rental income from day one. 1725 Newton St is currently leased at $1,437 per month through August 31, 2027, providing an investor with established income and no immediate need to market or lease the property.This property may be purchased individually or as part of a three-property Chattanooga rental portfolio that includes 1725 Newton St, 2120 Cleveland Ave and 1307 Wheeler Ave. Together, the three properties currently generate $4,654 per month / $55,848 annually in scheduled gross rent.Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount.Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
Property Features
Property Type: Residential - Single Family
Basement: Crawl Space
Cooling: Central Air, Electric
Heating: Central, Ceiling
Home Style: Contemporary
Lot Size: 0.18 Acres
Taxes: $697
Year Built: 1920
Feature Descriptions
Appliances: Free-Standing Electric Range, Refrigerator
Days on Site: 63
Exterior: Other
Exterior Amenities: Other
Flooring: Carpet
Interior Amenities: Eat-in Kitchen, Tub/shower Combo
Lot: Level
Lot Dimensions: 46.5X173M
Parcel #: 136k G 032
Parking: Concrete
Patio/Porch: Porch
Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Windows: Aluminum Frames
Local Schools
High School: Brainerd High
Middle School: Orchard Knob Middle
Elementary School: Hardy Elementary
Listed By / Shown By
Listed By
Agency Name: Best Realty of Chattanooga LLC
Agency Phone: 423-305-8666
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 536.11 per month $422.64 Principal & Interest $58.08 Property Tax $55.39 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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1725 Newton Street | MLS# 1540427
This single family home located at 1725 Newton Street, Chattanooga, TN 37406 is currently listed for sale with an asking price of $189,900. This property was built in 1920 and has 3 bedrooms and 1 full and 1 partial baths with 1062 sq. ft. Newton Street is located in the Avondale subdivision. Search Avondale real estate on www.clhomes.com today.