$265,000
$279,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
4077 Teakwood DR Chattanooga, TN 37416
1,920 SqFt
Key Details
Sold Price $265,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,920 sqft
Price per Sqft $138
Subdivision Harbor Place
MLS Listing ID 1503637
Sold Date 03/03/25
Style Ranch
Originating Board Greater Chattanooga REALTORS®
Year Built 1969
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 109.9X121.4
Property Sub-Type Duplex
Property Description
Updated Duplex on a corner lot with Immediate Cash Flow Potential! 4077/4079 Teakwood Dr is a brick duplex, located off of Hwy 58 near Hwy 153, offers an excellent opportunity for investors or owner-occupants. Updated in 2020, each unit features 2 bedrooms and 1 bathroom plus laundry room off the kitchen. All appliances in both units convey the property. The property has off-street parking, and the left unit includes an attached carport. Both units are currently rented on a month-to-month basis, generating a total rental income of about $2,100 per month (which is under fair market rents) and are currently managed by a third-party property management company. Don't miss out on this great property at an attractive price! Please Do Not Disturb Tenants! All details are deemed reliable but not guaranteed. Buyers are encouraged to verify any information critical to their purchase, including but not limited to schools, covenants and restrictions, square footage, and zoning.
Location
State TN
County Hamilton
Area 0.31
Interior
Interior Features Bar, Ceiling Fan(s)
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric, Multi Units
Flooring Luxury Vinyl, Tile
Fireplace No
Window Features Blinds,Vinyl Frames
Appliance Refrigerator, Range Hood, Free-Standing Electric Range, Electric Water Heater, Dishwasher
Heat Source Central, Electric
Laundry Electric Dryer Hookup, Laundry Room, Main Level, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Concrete, Driveway, Off Street
Carport Spaces 2
Garage Description Concrete, Driveway, Off Street
Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected
Roof Type Shingle
Garage No
Building
Lot Description Back Yard, Corner Lot, Front Yard, Level
Faces HWY 58 N, turn left onto Webb Rd, Right onto Arbor Place Ln, Left onto Teakwood Dr
Story One
Foundation Slab
Sewer Public Sewer
Water Public
Architectural Style Ranch
Structure Type Brick,Vinyl Siding
Schools
Elementary Schools Harrison Elementary
Middle Schools Brown Middle
High Schools Central High School
Others
Senior Community No
Tax ID 120o H 012
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Investor
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