1469 Palisades Road

Description

** No showings until there is an accepted offer in place. Welcome to 1469 Palisades Rd, a split-level duplex situated halfway up the front of Signal Mountain and zoned for the nationally recognized and award-winning Signal Mountain schools. This duplex offers unparalleled convenience for commuting to downtown Chattanooga while still providing the serene and scenic lifestyle that Signal Mountain is known for. This property is an outstanding investment opportunity, offering both current rental income and the potential for even higher returns. Each side of this split-level duplex features 2 bedrooms and 1 bathroom, providing ample space for comfortable living. The design ensures privacy and separation for occupants on both sides, making it suitable for various rental arrangements or multi-generational living. The units feature wood flooring, adding a touch of elegance and warmth to the living spaces. One side of the duplex has been recently updated, showcasing modern touches that enhance its appeal. The updated unit boasts a beautiful kitchen with white cabinetry for ample storage and matching white appliances, creating a classic and clean look. Fresh and cohesive paint colors throughout give the unit a bright and inviting atmosphere. New doors and hardware provide a contemporary feel, while new lighting fixtures and ceiling fans add style and functionality. Each bedroom within the units offers plenty of storage with spacious closets, catering to the needs of renters. Currently, the property generates rental income, but there is significant potential for increasing this revenue. The updates made to one side of the duplex enhance its desirability and similar improvements to the other side could further elevate the property's appeal and rental value. With its prime location and attractive features, this duplex could be fetching more rental income than the current owner is receiving. Please Note: This is a tenant occupied property. 1471 (left side) lease ends 12/6/2024. 1469 (right side) lease ends 11/1/2025. Local lenders are preferred.