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7822 Basswood Drive, Chattanooga, TN 37416

$249,900
  • 7822 Basswood Drive, Chattanooga, TN 37416 Main Photo

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BEDS4 BATHS SQUARE FEET1,868 MLS#1543517
STATUSActive PROPERTY TYPEMulti Unit - Multiple NEIGHBORHOODChattanooga

Property Description

This duplex offers a solid opportunity for an investor looking for immediate rental income with additional upside over time. Each unit features 2 bedrooms and 1 bathroom, and both units are currently occupied with leases in place.One unit is leased on a 6-month term at $1,150/month and features recently updated flooring throughout, a new bathroom vanity, a refrigerator, and washer/dryer hookups. The second unit is currently leased month-to-month at $1,000/month and also includes a refrigerator and washer/dryer hookups. Tenants pay all utilities, and each unit is individually metered.Current gross monthly rent is $2,150, producing $25,800 in gross annual rental income. With two separately metered 2BR/1BA units, established tenants, and tenant-paid utilities, the property provides in-place cash flow from day one. The month-to-month lease also gives a future owner flexibility to evaluate rental rates and pursue additional income potential over time, subject to applicable lease terms and market conditions.The property is conveniently located near major employers including Amazon and Volkswagen, with access to nearby interstate routes and surrounding areas. This location may help support continued rental demand while giving tenants convenient access to employment, shopping, and everyday amenities.Whether you're looking to expand your rental portfolio or acquire a duplex with existing cash flow and room for future upside, this property is ready for its next owner. Tenant-occupied units require advance notice for showings. Please do not disturb tenants.Owner/Agent Listing

7822 Basswood Drive | MLS# 1543517

This multi-family property located at 7822 Basswood Drive, Chattanooga, TN 37416 is currently listed for sale with an asking price of $249,900. Search Chattanooga real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Varies by Unit
Fuel Type: Electric
Heating: Electric, Hot Water
Home Style: Other
Lot Size: 0.31 Acres
Taxes: $2,315
Year Built: 1969

Units

Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1150.00
Square Footage: 934
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1100.00
Square Footage: 934

Feature Descriptions

Appliances: Dishwasher, Free-Standing Refrigerator, Gas Water Heater, Oven, Refrigerator, Range Hood
Common Amenities: Curbs
Days on Site: 15
Exterior: Brick, Concrete, Vinyl Siding
Exterior Amenities: None
Flooring: Vinyl
Interior Amenities: Sitting Area, Plumbed
Laundry: Electric Dryer Hookup, In Hall, Inside, Laundry Room, Washer Hookup
Lot: City Lot, Front Yard, Many Trees, Sloped
Lot Dimensions: 75X191.7
Parcel #: 129e D 009
Parking: Concrete, Driveway
Patio/Porch: Porch - Covered
Tenant Pays: All Utilities
Utilities: Cable Available, Electricity Available, Sewer Connected, Water Available
Windows: Other

Local Schools

High School: Central High School
Middle School: Brown Middle
Elementary School: Harrison Elementary

Listed By / Shown By

Listed By

Agency Name: REAL Broker
Agency Phone: 844-591-7325

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CARMLS

Estimate Your Payment

Estimated Payment

$ 821.97 per month $556.17 Principal & Interest $192.92 Property Tax $72.89 Homeowner's Insurance

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