10 Fountain Circle

Description

This 4-unit, two-duplex investment offers a rare opportunity to acquire a well-positioned multifamily property with strong fundamentals. Located at 10 Fountain Circle, Units A, B, C, and D each feature 2 bedrooms and 1 bathroom, creating a highly desirable and easy-to-rent unit mix. 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 for reimbursement. Several units have been upgraded with new HVAC systems, reducing near-term maintenance costs and improving overall operational efficiency. The property is ideally situated just 10 minutes from downtown Chattanooga and Hamilton Place Mall, and approximately 15 minutes from the Chattanooga Airport. Generous yard space and a large parking area provide ample off-street parking, while the setting offers a rare blend of convenience and privacy. This combination of location, functionality, and low-maintenance improvements drives consistent rental demand and makes for a reliable, easy-to-manage investment. Additionally, buyers have the option to purchase a larger 6-unit, three-duplex package at a reduced price. This expanded offering includes 10 Fountain Circle and 3711 Fountain Avenue, spanning two adjoining lots totaling approximately 1.05 acres. At 3711 Fountain Avenue, Unit A offers 4 bedrooms and 2 bathrooms, while Unit B features 2 bedrooms and 1 bathroom.