2 Beds
1 Bath
859 SqFt
2 Beds
1 Bath
859 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 859 sqft
Price per Sqft $142
MLS Listing ID 1536731
Bedrooms 2
Full Baths 1
Year Built 1947
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 50X146.75
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
Property Description
Rare opportunity to purchase one or both of these neighboring investment properties at 857 and 859 Wheeler Ave. Priced at just $122,000 each, these homes offer investors, landlords, and value minded buyers an excellent opportunity in a convenient Chattanooga location.
Both properties are currently tenant occupied with tenants in place for the next several months, providing immediate rental income potential for the next owner. Located just minutes from Erlanger Hospital, UTC, downtown Chattanooga, shopping, dining, and major employers, these homes are positioned in an area with strong rental demand.
Both homes were extensively renovated by a previous owner prior to the current owner's purchase. Since acquiring the properties, the current owner has also completed crawl space encapsulations on both homes, providing added peace of mind and helping reduce future maintenance concerns.
Whether you are looking to add to your rental portfolio, purchase your first investment property, or take advantage of the opportunity to own two homes side by side, this is a unique offering at an attractive price point. Opportunities like this are becoming harder to find.
No showings will be permitted until an accepted contract is in place. Please do not disturb tenants.
Location
State TN
County Hamilton
Area 0.17
Rooms
Basement Crawl Space
Interior
Interior Features Open Floorplan, Primary Downstairs, Tub/shower Combo
Heating None
Cooling Window Unit(s)
Flooring Vinyl
Fireplace No
Appliance Refrigerator, Electric Water Heater, Electric Range
Heat Source None
Laundry Electric Dryer Hookup, Gas Dryer Hookup, Laundry Room, Washer Hookup
Exterior
Exterior Feature Private Yard
Parking Features Driveway
Garage Description Driveway
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Level
Faces 5726 Marlin Rd Chattanooga, TN 37411 Take Eastgate Loop to Brainerd Rd 2 min (0.5 mi) Follow Brainerd Rd to Glenwood Dr 8 min (3.3 mi) Continue on Glenwood Dr. Take E 3rd St and Derby St to Wheeler Ave 3 min (1.2 mi) 857 Wheeler Ave Chattanooga, TN 37406
Story One
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Brick,Other
Schools
Elementary Schools Orchard Knob Elementary
Middle Schools Orchard Knob Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 146d F 007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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