For Sale
$275,000

1315 San Hsi DrEast Ridge, TN 37412

100% Occupied, Prime Location, Great Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional investment opportunity: a two-unit duplex in East Ridge, Tennessee, listed at $275,000. This 1,800 square foot property, built in 1984 and situated on a 0.17-acre lot, boasts 100% occupancy with month-to-month leases. Unit A, updated six years ago, commands $900 per month, while Unit B, updated eight years ago, rents for $1,100 monthly. Both units feature newer HVAC systems and appliances. A detached carport/garage combination provides ample parking. The property is conveniently located minutes from I-75 exit 1, Camp Jordan, and various amenities. Each unit includes two parking spaces. A $685 First American One-Year Home Warranty is offered to the buyer upon request with an acceptable offer. The property is being sold "as is," and showings are by appointment only, scheduled after a binding contract is in place during the inspection period. This Class C multifamily investment presents a strong cash flow potential in a rapidly growing area. The property's address is 1315 San Hsi Dr, Chattanooga (East Ridge), TN 37412. The Hamilton County Assessor's Parcel Number (APN) is 169k F 029.01.

Highlights

  • Multifamily duplex for sale at 1315 San Hsi Dr, East Ridge, TN, near I-75, amenities, and medical facilities.
  • 1,800 square foot, 1984-built duplex with two units.
  • Unit A (right) updated six years ago, new water heater; Unit B (left) updated eight years ago; both with newer HVAC and appliances.
  • Detached carport/garage.
  • Current monthly rents: Unit A - $900, Unit B - $1100 (month-to-month leases).
  • Seller offering a $685 First American One-Year Home Warranty with acceptable offer.

Property Details for 1315 San Hsi Dr

Property type
Residential income homes
Square Feet
1,800 SF
Class
C
Year Built/Renovated
1984/2
Buildings
1
Stories
2
Lot Size (sq. ft)
7,405 SF
Units
2

Location Insight

City
East Ridge
County
Hamilton
State
Tennessee
Latitude
34.9921301
Longitude
-85.2204816
1315 San Hsi Dr, East Ridge, Tennessee

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1315 San Hsi Dr
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