4057 Arbor Place Lane, Chattanooga, TN 37416
- $315,000
- 1,816
- SqFt
- Sold Price
- $315,000
- List Price
- $310,000
- Status
- CLOSED
- Closing Date
- May 04, 2026
- MLS#
- 1531301
- Subtype
- Residential Income
- Style
- Ranch
- Year Built
- 1967
- Living Area
- 1,816
- Lot Size
- 10,018
- Acres
- 0.23
- Subdivision
- Harbor Place
Property Description
Looking for a turnkey rental that qualifies for the rare 1% rule? Welcome to 4057 & 4059 Arbor Place Ln, a fully remodeled duplex offering a prime opportunity for both investors and house hackers in Chattanooga. Each unit features 2 bedrooms and 1 bathroom with identical layouts and renovations completed just two years ago. Inside, you'll find fresh interior paint throughout, LVP flooring, recessed lighting in the living room, and a wood-burning brick fireplace that adds character. The kitchens are finished with butcher block countertops, white cabinetry, and stainless steel appliances. The laundry room provides access to the private, level backyard, all situated on a flat 0.23-acre lot. The property is designed for low maintenance with a metal roof, brick exterior, and new HVAC systems installed in 2024. Tenants pay all utilities except landscaping, helping keep operating costs low. Each unit has a separate driveway providing added privacy and convenience. This property is already producing income with 4057 leased at $1,296/month while 4059 is now vacant and previously rented for $1,395/month. Whether you're looking to add two turnkey rental units to your portfolio or house hack by living in one side while the other helps offset your mortgage, this property offers immediate income and flexibility. Located just minutes from Chickamauga Lake, Wolftever Boat Dock, Booker T. Washington State Park, and Harrison Bay State Park, with convenient access to shopping and dining along Highway 58, and only 15 minutes to downtown Chattanooga. Buyer to verify all information.
Additional Information
- Interior Features
- Eat-in Kitchen, Open Floorplan, Recessed Lighting
- Taxes
- $2,423
- Property Description
- Ranch
- Appliances
- Dishwasher, Electric Oven, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stainless Steel Appliance(s)
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Exterior Features
- Brick, Wood Siding
- Levels
- One
- Roof
- Metal
- 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 Keller Williams Realty. Selling Office: .