3206 Gleason Drive

Attention Investors! Prime East Ridge Duplex with Strong Rental Potential. Welcome to 3206 Gleason Dr, a lucrative investment opportunity in East Ridge, Chattanooga. This well-maintained duplex currently generates $1,925 in gross monthly rent, with the potential for an impressive $2,400 in total income. Key Features: Current Rental Income: The property presently yields $1,925 in gross monthly rent, with unit A fetching $1,125 and unit B contributing $800. However, there is untapped potential for increased rent, positioning this duplex as an attractive investment. Property Details: Each two-story unit spans 930 sqft and features two bedrooms and one bathroom. Built-in 1985, these residences offer a comfortable living space with a well-thought-out floor plan. Prime Location: Conveniently located just off I-24 in East Ridge, these properties offer a peaceful residential setting with swift access to downtown Chattanooga and the bustling Hamilton Place area. This prime location enhances the property's appeal to potential tenants. Occupancy and Maintenance: Both units are currently leased, ensuring a steady income stream for the investor. The residences have been well-maintained, requiring minimal upkeep and providing a hassle-free investment opportunity. Affordable Rental Rates: The current rental rates are positioned on the more affordable side within the neighborhood, allowing for potential increases in line with market trends. This flexibility provides room for optimizing returns. The seller requests the highest and best offer by Monday, December 18 2023, at 5:00 p.m. (EST). Time-Limit Responses by 11:00 a.m of December 19. The seller retains the right to accept an offer at any time. Note: The seller wants to avoid dealing with escalating offers. Please advise your clients to submit their highest and best offer