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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

$255,000

Income-producing duplex offering both immediate rental income and upcoming owner-occupant potential. Each unit features 2 bedrooms, 1 bath, washer/dryer hookups, separate utility meters, and central HVAC.

Currently generating $1,900/month in rental income, with one tenant in place since 2018 and the second lease expiring in August--creating an excellent opportunity for an owner-occupant to live in one unit while offsetting their mortgage with rental income, or for an investor to lease the unit at market rent.

Major updates include central HVAC, several vinyl windows, and carpet replaced in 2019. Sellers are also completing replacement of the horizontal water supply and drain plumbing (estimated completion early august), further enhancing the property's value and marketability.

Situated on a level lot on a quiet street with a shared fenced backyard, this property offers flexibility for both investors and owner-occupants in Chattanooga's growing market.

Please do not disturb tenants. Showings available during due diligence with an accepted purchase agreement or Letter of Intent.

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$255,000
Real Estate Tax $2,262/yr

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506 Hargraves Avenue

$255,000

Candice Neal

Features & Amenities

Interior

Area & Lot

Exterior

Financial

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37411

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Teresa Groves

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