Skip To Content

164-190 Poteet Road

Chatsworth, GA 30705
  • $1,020,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 1503832
UPDATED: 59 min ago
$1,020,000
  • 0
    BEDS
  • 2.75
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 840
    SQFT
  • $1,214
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1984
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Incredible Multifamily Portfolio with Development Opportunity on Poteet Road Discover a unique chance to own a bundled investment property portfolio with immense earning potential. Nestled at the foot of the picturesque Grassy Mountain, this 2.75-acre estate boasts three income-generating properties with nearly 200 feet of serene creek frontage. Plenty of acreage to develop additional multifamily, short-term or long-term rentals. Here's what's included: 164 Poteet (Single-Family Home) 2 Bed, 2 Bath with an in-ground swimming pool Currently rented for $1,800/month Spacious acreage with potential for additional rentals 190 Poteet (Duplex) Two units, each 2 Bed, 1 Bath (840 sq. ft. per unit) Current rents are $500 and $800/month (below market) 168 Poteet (Triplex - New Construction) New construction with three units: 2 units are 2 Bed, 1.5 Bath 1 unit is 2 Bed, 1 Bath Rented for $1,150, $1,250, and $1,300/month Financial Highlights: Gross Yearly Rent: $81,600 Upside Potential: Opportunity to bring rents to market rate and develop the extra acreage for short- or long-term rentals. Details: Tenant-occupied: Showings available after an accepted offer. All three properties are sold as a package and will not be separated. Don't miss out on this rare investment opportunity with multiple income streams and significant growth potential. All offers will be reviewed!

Monthly Payment Calculator



Chattanooga Association of Realtors logo
www.thehollisgroup.com/homes/158368148
Print Image

164-190 Poteet Road Chatsworth, GA 30705

  • Price: $1,020,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 59 min ago
  • MLS #: 1503832
0
Beds
0
Baths
0
½ Baths
2.75
Acres
840
SQFT
$1,214
$/SQFT
1984
Built
Neighborhood:
None
County:
Murray
Area:
Chatsworth
Elementary School:
Eton Elementary
Middle School:
New Bagley Middle
High School:
North Murray
Property Description
Incredible Multifamily Portfolio with Development Opportunity on Poteet Road Discover a unique chance to own a bundled investment property portfolio with immense earning potential. Nestled at the foot of the picturesque Grassy Mountain, this 2.75-acre estate boasts three income-generating properties with nearly 200 feet of serene creek frontage. Plenty of acreage to develop additional multifamily, short-term or long-term rentals. Here's what's included: 164 Poteet (Single-Family Home) 2 Bed, 2 Bath with an in-ground swimming pool Currently rented for $1,800/month Spacious acreage with potential for additional rentals 190 Poteet (Duplex) Two units, each 2 Bed, 1 Bath (840 sq. ft. per unit) Current rents are $500 and $800/month (below market) 168 Poteet (Triplex - New Construction) New construction with three units: 2 units are 2 Bed, 1.5 Bath 1 unit is 2 Bed, 1 Bath Rented for $1,150, $1,250, and $1,300/month Financial Highlights: Gross Yearly Rent: $81,600 Upside Potential: Opportunity to bring rents to market rate and develop the extra acreage for short- or long-term rentals. Details: Tenant-occupied: Showings available after an accepted offer. All three properties are sold as a package and will not be separated. Don't miss out on this rare investment opportunity with multiple income streams and significant growth potential. All offers will be reviewed!
Exterior Features

Architectural Style Other Attached Garage YN No Construction Materials Other Exterior Features Other Fencing None Foundation Details Slab Garage YN No Lot Features See Remarks Other Structures See Remarks Parking Features AsphaltGravel Patio And Porch Features Wrap Around Pool Features None Pool Features None Yes Roof See Remarks Spa YN No Structure Type Triplex View Creek/StreamMountain(s) View YN Yes Waterfront Features Creek Waterfront YN Yes

Interior Features

Accessibility Features [] Appliances RefrigeratorOvenMicrowaveDishwasher Basement [] Basement YN No Building Area Total 840 Cooling Central Air Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring See Remarks Heating Central Heating YN Yes Interior Features [] Laundry Features Washer Hookup Levels Two Window Features See Remarks

Property Features

Association Amenities [] Association YN2 No Auction YN2 No Community Features Park Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventionalFHA New Construction YN Yes Other Equipment Other Property Sub Type Triplex Security Features See Remarks Senior Community YN No Sewer Septic Tank Special Listing Conditions Investor Tax Annual Amount 3386.72 Utilities Electricity ConnectedWater ConnectedUnderground Utilities Utilities Underground Utilities Yes Water Source Public

Chattanooga Association of Realtors logo
Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Berkshire Hathaway HomeServices Realty Center: 423-756-9999.



Chattanooga Association of Realtors logo
 
https://bt-photos.global.ssl.fastly.net/chattanooga/1280_boomver_2_1503832-2.jpg https://bt-photos.global.ssl.fastly.net/chattanooga/1280_boomver_2_1503832-2.jpg https://bt-photos.global.ssl.fastly.net/chattanooga/1280_boomver_2_1503832-2.jpg
Logo
Cassie Hollis | Realtor® | Better Homes and Gardens Signature Brokers
3326 St. Elmo Avenue
Chattanooga TN, 37408