Attention Investors! Located just 10 minutes from downtown Chattanooga, this 2-bedroom, 1-bath bungalow is the perfect starter home or investment opportunity. The home features a metal roof that’s approximately 13 years old and has vinyl windows. The property includes a detached one-car garage and a spacious outbuilding that was originally used as a beauty shop, complete with water and electricity. The level lot is generously sized, offering a lovely mountain view from the front of the house. Here are some rental comps. $1100 is the HUD FMR but private paying tenants will pay more for the area and large lot. It looks like $1400-1600 would be possible.

These are homeowners that have relocated to North Carolina and selling their former primary residence. The property was purchased via an estate sale when they bought the home in 2019.

Leased
3304 Center St leased Dec 2023 for $1425
https://www.zillow.com/homedetails/3304-Center-St-Chattanooga-TN-37419/55228402_zpid/

Leased
400 Old Mountain Rd leased for $1850 Feb 2024
https://www.zumper.com/address/400-old-mtn-rd-chattanooga-tn-37409-usa

Leased
$1275 (awful pics on this one, multiple pics have a finger in the frame, smh)
964 Ogrady Dr
https://www.flexmls.com/share/AkvKj/964-Ogrady-Dr-Chattanooga-TN-37419

Active Listing for Rent:
$1600 per month
8 Hemlock Cir
https://www.flexmls.com/share/AkvJn/8-Hemlock-Cir-Chattanooga-TN-37419

Sold Comps:
Sold for $215,000 in March 2024
243 Wauhatchie Pike
https://www.flexmls.com/share/AkvEP/243-Wauhatchie-Pike-Chattanooga-TN-37419

Sold
$204,225
129 Centro St Chattanooga, TN
https://www.flexmls.com/share/AkvGV/129-Centro-St-Chattanooga-TN-37419

Sold for $210,000
56 Hemlock Cir
https://www.flexmls.com/share/AkvHq/56-Hemlock-Cir-Chattanooga-TN-37419