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Courtesy of Candice Neal, Real Estate Partners Chattanooga LLC,706-273-9176

For Sale

506 Hargraves Avenue

506 Hargraves Avenue, Chattanooga, TN 37411

$254,000

Investment opportunity with upcoming owner-occupant potential! This Chattanooga duplex features two 2-bedroom, 1-bath units with washer/dryer hookups and separate utility meters. Currently generating $1,900/month in rental income, with one long-term tenant in place since 2018.

One unit is expected to become vacant this month, creating a limited opportunity for an owner-occupant to live in one side while collecting rental income from the other. Sellers plan to re-lease the vacant unit if a purchase contract is not secured, making this a great option for both investors and buyers interested in a house-hack opportunity.
There will be a limited window for in person showings on the vacant side once tenant vacates at EOM.
Recent improvements include updates to the water supply and waste lines since listing. Along with central HVAC, several vinyl windows, and carpet replaced in 2019.

Property sits on a gently sloped lot on a quiet street with a shared fenced backyard.

Please do not disturb tenants. Showing restrictions apply while occupied; contact listing agent for current availability and showing instructions.

4
beds

2
baths

1,378 Sq.Ft. LIVING AREA

0.3 Acres lot

Candice Neal

title Affiliate Broker
PHONE (706) 273-9176
EMAIL [email protected]
DRE # TN365457 | GA422441

Features & Amenities

Interior

total bedrooms4
Total bathrooms2
Laundry room In Kitchen, Inside
Flooring Carpet, Tile, Vinyl
APPLIANCES Free-Standing Refrigerator, Electric Range
other interior Features Ceiling Fan(s), Entrance Foyer, Pantry, Tub/shower Combo

Area & Lot

Status For Sale
Living Area1,378 Sq.Ft.
Total Area1,378 Sq.Ft.
Lot Area0.3 Acres
MLS® ID1533085
TypeMulti-Family
YEAR BUILT1950
Neighborhood37411
Architecture StylesContemporary
Elementary SchoolWoodmore Elementary
Middle SchoolDalewood Middle
High SchoolBrainerd High

Exterior

STORIES1
water SourcePublic
utilitiesElectricity Connected, Sewer Connected, Water Connected
PoolNone
roofAsphalt, Shingle
lot featuresGentle Sloping, Level, Sloped Down
parkingConcrete, Driveway, Gravel, Off Street, Other
HEAT TYPECentral, Electric
AIR CONDITIONINGCentral Air
sewerPublic Sewer
SubstructureBlock
other exterior FeaturesNone

Financial

Sales Price$254,000
Real Estate Tax $2,262/yr

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506 Hargraves Avenue

$254,000

Candice Neal

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Schedule a Showing

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37411

Work with Danielle

Contact Details

Danielle Volz

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