520 Holly ST, Chattanooga, TN 37404
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$ 2,295,000
Est. payment | /mo

4 Beds

3 Baths

1,596 SqFt


Save
$ 2,295,000
Est. payment | /mo
Save

4 Beds

3 Baths

1,596 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,596 sqft

Price per Sqft $1,437

MLS Listing ID 1531005

Style Other

Bedrooms 4

Year Built 1960

Lot Size 9,147 Sqft

Acres 0.21

Lot Dimensions 51.7X135

Property Sub-Type Duplex

Source Greater Chattanooga REALTORS®

Property Description

THIS PROPRTY MUST BE PURCHASED AS RENTAL PACKAGE. ADDITIONAL MLS NUMBERS TO FOLLOW. PROPERTY WILL NOT BE SOLD INDUVIDUALLY. TOTAL PACKAGE PRICE IS $2,295,000. This package of homes includes 12 single family homes and 2 duplex units. Purchase this updated and cash flowing rental property to increase your monthly revenue stream and lock in potential tax advantages. Updates include but not limited to siding, roofing, windows, gutters and flooring. These units produce nearly $21,000 in monthly gross revenues. Leases in place with many long-term tenants. These units would be a great addition to any portfolio or great for new investor as they are currently rented, updated and ready for new ownership. No sign on property. Please do not disturb tenants. Subject to Tenant's Rights. Showings once fully executed Letter of Intent in place. Buyer to verify any and all information deemed essential. Properties all to be sold in As Is condition.

This unit was fully renovated in 2018 with updated electrical, baths, kitchens and more. Great location near UTC.

Total rent for both sides is $2525.

Location

State TN

County Hamilton

Area 0.21

Rooms

Basement Crawl Space

Interior

Interior Features Laminate Counters, Tub/shower Combo

Heating Central, Electric

Cooling Central Air, Electric

Flooring Laminate, Luxury Vinyl

Fireplace No

Window Features Other

Appliance Refrigerator, Electric Water Heater, Electric Range

Heat Source Central, Electric

Laundry In Unit, Laundry Closet

Exterior

Parking Features Off Street

Garage Description Off Street

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Metal

Porch Deck, Porch

Garage No

Building

Lot Description Level

Faces From downtown take MLK until it turns into Bailey Avenue, cross Holtzclaw, property on left at corner of Bailey and Holly Street.

Story One

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

Structure Type Other

Schools

Elementary Schools Orchard Knob Elementary

Middle Schools Orchard Knob Middle

High Schools Howard School Of Academics & Tech

Others

Senior Community No

Tax ID 146j M 027

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Investor

Greater Chattanooga Association of REALTORS(GCAR MLS)
Listed by 5H Realty Services, LLC

Schools and Properties Nearby

Learn More About LPT Realty

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520 Holly ST