Description
This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updatesflooring, paint, appliancesas well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.
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0BEDS
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0.31ACRES
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0BATHS
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01/2 BATHS
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1,787SQFT
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$140$/SQFT
School Information
Description
This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updatesflooring, paint, appliancesas well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.
4831 Bonny Lake Lane Chattanooga, TN 37416
Property Description
Architectural Style [] Attached Garage YN No Construction Materials Brick Exterior Features None Fencing None Foundation Details Slab Lot Features Back YardFront YardLevel Other Structures None Parking Features Off Street Patio And Porch Features Patio Pool Features None Pool Features None Yes Roof Shingle Roof Shingle Yes Structure Type Duplex View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances None Basement [] Basement YN No Building Area Total 1787 Cooling Central AirElectric Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring CarpetTile Heating CentralElectric Heating YN Yes Interior Features [] Laundry Features Laundry Room Levels One Window Features Aluminum Frames
Association Amenities [] Association YN2 No Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment None Property Sub Type Duplex Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Investor Tax Annual Amount 2423.14 Utilities Cable AvailableElectricity ConnectedPhone AvailableSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2025 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Broker: 844-591-7325.
