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1816 Dodds Avenue, Chattanooga, TN 37404

$285,000
: 3
BD
: 3
BA
: 1,805
SqFt

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List Price: $285,000
Status: ACTIVE
MLS#: 1543749
Subtype: Residential Income
Year Built: 1930
Bedrooms: 3
Bathrooms: 3
Living Area: 1,805
Lot Size: 6,534
Acres: 0.15
Subdivision: Higgins

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Property Description

Add a fully occupied, income-producing triplex to your portfolio! All three units are currently rented, generating a combined $2,842 per month, making this a strong opportunity for investors looking for an established multifamily property in Chattanooga. Recent improvements include a new roof, new gutters & downspout system, repaired fascia & soffit, and new window heating & cooling units added in each unit. The retaining wall at the rear of the property has also been replaced and the yard has been cleaned up and improved. Unit A has undergone additional renovations to meet Section 8 requirements, including drywall repairs, full interior paint, new luxury vinyl plank flooring, a new refrigerator, new oven/range, and additional updates throughout. With three occupied units, $2,842 in total monthly rent, and several major property improvements already completed, this triplex offers investors the opportunity to acquire an established rental property with income from day one. Conveniently located on Dodds Avenue with access to downtown Chattanooga and surrounding areas, this property is ready for its next owner! *Do not disturb the tenants*

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Additional Information

Interior Features: Tub/shower Combo, Ceiling Fan(s)
Exterior Features: Rain Gutters
Taxes: $3,299
Appliances: Electric Range, Refrigerator, Water Heater
Heating: Electric
Air Conditioning: Electric, Multi Units, Window Unit(s)
Exterior Features: Stone, Vinyl Siding
Levels: Two
Roof: Asphalt, Shingle
Foundation: Stone
Parking Features: Off Street
Elementary School: East Side Elementary
Middle School: Orchard Knob Middle
High School: Howard School Of Academics & Tech