3711 Fountain Avenue

Description

This duplex presents a rare opportunity to acquire a well positioned multifamily property with strong fundamentals. Located at 3711 Fountain Avenue, Unit A features 4 bedrooms and 2 bathrooms, while Unit B offers 2 bedrooms and 1 bathroom, creating an efficient and highly rentable unit mix. The property is conveniently located just 10 minutes from downtown Chattanooga and Hamilton Place Mall, and approximately 15 minutes from the Chattanooga Airport. Buyers also have the option to purchase an expanded 6 unit three duplex investment package at a reduced price. This offering includes both 10 Fountain Circle and 3711 Fountain Avenue, spanning two adjoining lots totaling approximately 1.05 acres. At 10 Fountain Circle, Units A, B, C, and D each feature 2 bedrooms and 1 bathroom. All units are separately metered, with the exception of Units C and D which share a common water line. Tenants are responsible for their own utilities. Water for Units C and D remains in the landlord's name and is billed back to tenants. Several units have been upgraded with new HVAC systems, reducing near term capital expenses and improving operational efficiency. Generous yard space and a large parking area provide ample off street parking, while the private setting combined with a convenient location drives consistent rental demand and makes this an easy to manage long term investment.