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3 Overlook Tr

Rossville, GA 30741
  • $399,000
  • STATUS: Active
  • ON SITE: 67 Days
  • MLS #: 1384153
UPDATED: 53 min ago
$399,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,072
    SQFT
  • $193
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

With an INCREDIBLE 11% Cap Rate this property boasts seven rentable units under one roof plus additional opportunities including RV parking. With an income of $70,918.32 versus expenses of just $11,866.20 that means just under $60k of potential income. Nestled on a sprawling 1.29-acre lot in the heart of a quiet Rossville neighborhood, the property is currently being occupied by long and short-term tenants and offers 7 rentable bedrooms and 3.5 bathrooms. There are also 2 potential RV pads that could mean an additional $750/mo.Additionally, there is a driveway leading to the detached garage which currently offers extra storage space and could offer the potential for another livable unit, providing an opportunity for customization. The driveway provides ample parking for guests, an RV, or a boat. Monthly Averages $735.96 Bedroom A$836.27 Bedroom B$661.95 Bedroom C$810.00 Bedroom D (monthly rental currently and an en suite)$750.00 Bedroom E (monthly rental)$800 Bedroom F (monthly rental)$615.68 Bedroom GTwo RV parking pads offer an additional potential $750/monthManagement is willing to stay on for up to a year to help with transition.Safety and convenience are paramount here, as the property features a designated storm shelter, ensuring peace of mind during inclement weather conditions. Beyond the residence, the property's expansive lot offers ample space for outdoor activities, gardening, or further development, granting you the freedom to create your private oasis. Located in a peaceful neighborhood, this property enjoys a perfect blend of tranquility and accessibility, providing easy access to local amenities and nearby attractions. This home offers ease of access to Hwy 27, is 7-8 minutes to Fort Oglethorpe shopping and dining, and is only 15-20 minutes to downtown Chattanooga. You'll also be able to explore Chickamauga National Battlefield, which is just a stone's throw from this property. Don't miss the chance to own this unique property that presents endless possibilities for personalized living or investment income. Schedule a viewing today. Local lenders are preferred.

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3 Overlook Tr Rossville, GA 30741

  • Price: $399,000
  • Status: Active
  • On Site: 67 Days
  • Updated: 53 min ago
  • MLS #: 1384153
0
Beds
0
Baths
0
½ Baths
1
Acres
2,072
SQFT
$193
$/SQFT
1978
Built
Neighborhood:
Chick Park
County:
Walker
Area:
Rossville
Elementary School:
Stone Creek Elementary School
Middle School:
Rossville Middle
High School:
Ridgeland High School
Property Description
With an INCREDIBLE 11% Cap Rate this property boasts seven rentable units under one roof plus additional opportunities including RV parking. With an income of $70,918.32 versus expenses of just $11,866.20 that means just under $60k of potential income. Nestled on a sprawling 1.29-acre lot in the heart of a quiet Rossville neighborhood, the property is currently being occupied by long and short-term tenants and offers 7 rentable bedrooms and 3.5 bathrooms. There are also 2 potential RV pads that could mean an additional $750/mo.Additionally, there is a driveway leading to the detached garage which currently offers extra storage space and could offer the potential for another livable unit, providing an opportunity for customization. The driveway provides ample parking for guests, an RV, or a boat. Monthly Averages $735.96 Bedroom A$836.27 Bedroom B$661.95 Bedroom C$810.00 Bedroom D (monthly rental currently and an en suite)$750.00 Bedroom E (monthly rental)$800 Bedroom F (monthly rental)$615.68 Bedroom GTwo RV parking pads offer an additional potential $750/monthManagement is willing to stay on for up to a year to help with transition.Safety and convenience are paramount here, as the property features a designated storm shelter, ensuring peace of mind during inclement weather conditions. Beyond the residence, the property's expansive lot offers ample space for outdoor activities, gardening, or further development, granting you the freedom to create your private oasis. Located in a peaceful neighborhood, this property enjoys a perfect blend of tranquility and accessibility, providing easy access to local amenities and nearby attractions. This home offers ease of access to Hwy 27, is 7-8 minutes to Fort Oglethorpe shopping and dining, and is only 15-20 minutes to downtown Chattanooga. You'll also be able to explore Chickamauga National Battlefield, which is just a stone's throw from this property. Don't miss the chance to own this unique property that presents endless possibilities for personalized living or investment income. Schedule a viewing today. Local lenders are preferred.
Exterior Features

Exterior Siding Garage Parking Main LevelOff Street ParkingUtility Garage Lot Description Cul-De-SacGradual SlopingWooded Lot Size Dimensions 226X192 Roof Shingle

Interior Features

Basement Crawl Space Cooling CentralElectricTwo or More Units Description 2 LevelConverted Heating CentralElectric Unit One Bedrooms 7 Unit One Features Deck/PatioFurnishedKitchenLiving RoomMicrowaveOven/RangeRefrigeratorSeparate Dining Unit One Full Baths 3 Unit One Half Baths 1

Property Features

Community Features Community RoomPrivate YardStorageTV Cable Available Existing Financing Conventional Financing CashConventionalFHAVA Gross Monthly Rent 6000.00 Home Warranty No Owner Pays All Utilities Possession Day of Closing Property Sub Type Apartment Senior Community YN No Taxes 2293.70 Tenant Pays None Type Of Sale Investor Unit One Unit Number 1 Water Sewer Public WaterSeptic Tank

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Estate Partners Chattanooga LLC: (423) 265-0088.



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Denise Murphy with Keller Williams Realty
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Hixson TN, 37343