4061 Teakwood Drive, Chattanooga, TN 37416
- $295,000
- 4
- BD
- 3
- BA
- 1,920
- SqFt
- Sold Price
- $295,000
- List Price
- $322,000
- Status
- CLOSED
- Closing Date
- May 01, 2026
- MLS#
- 1525188
- Subtype
- Residential Income
- Style
- Ranch
- Year Built
- 1969
- Bedrooms
- 4
- Bathrooms
- 3
- Living Area
- 1,920
- Lot Size
- 10,890
- Acres
- 0.25
- Subdivision
- Harbor Place
Property Description
PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDE 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.
Additional Information
- Interior Features
- Tub/shower Combo, Laminate Counters, Open Floorplan, Primary Downstairs
- Exterior Features
- Private Yard, Rain Gutters
- Taxes
- $2,423
- Property Description
- Ranch
- Appliances
- Dishwasher, Electric Oven, Free-Standing Electric Range, Free-Standing Range, Microwave, Oven, Refrigerator, Washer/Dryer
- Heating
- Central, Electric, Forced Air
- Air Conditioning
- Central Air, Electric
- Exterior Features
- Brick, None
- Levels
- One
- Foundation
- Slab
- Parking Features
- Driveway, Off Street
- Elementary School
- Harrison Elementary
- Middle School
- Brown Middle
- High School
- Central High School
Mortgage Calculator
Listing courtesy of EXP Realty, LLC. Selling Office: .