
Description
Multiple Offers Received and seller is calling for highest and best by noon Saturday July 13th. Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee just minutes away from Chickamauga Lake in the Hwy 58 area! This duplex currently has a gross monthly rent of $2525. 5056 and 5058 rented at $1250 each (5056 has a pet rent of $25/mo), 1 year leases are up in 8/31/24 and both units include new HVAC. There is potential to increase gross monthly rents to $2560+ since the 2024 HUD Small Area Fair Market Rents are $1,280 for a 2 bedroom unit in 37416. The property is professionally managed by a property management firm. Offers will need a contingency to view within the due diligence period. Please do not disturb tenants.
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0BEDS
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0.35ACRES
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0BATHS
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01/2 BATHS
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2,220SQFT
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$0$/SQFT
School Information
Description
Multiple Offers Received and seller is calling for highest and best by noon Saturday July 13th. Attention investors! Don't miss out on this investment opportunity in Chattanooga, Tennessee just minutes away from Chickamauga Lake in the Hwy 58 area! This duplex currently has a gross monthly rent of $2525. 5056 and 5058 rented at $1250 each (5056 has a pet rent of $25/mo), 1 year leases are up in 8/31/24 and both units include new HVAC. There is potential to increase gross monthly rents to $2560+ since the 2024 HUD Small Area Fair Market Rents are $1,280 for a 2 bedroom unit in 37416. The property is professionally managed by a property management firm. Offers will need a contingency to view within the due diligence period. Please do not disturb tenants.


5056 Shoals Lane Chattanooga, TN 37416
Property Description
Architectural Style [] Attached Garage YN No Carport YN No Construction Materials Brick Exterior Features [] Fencing [] Foundation Details [] Garage YN No Lot Features Gentle Sloping Other Structures [] Parking Features Off Street Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Structure Type [] View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances [] Basement Partial Basement YN Yes Building Area Total 2220 Cooling Central AirElectric Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating CentralElectric Heating YN Yes Interior Features Eat-in Kitchen Laundry Features [] Levels Two Window Features []
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 [] Property Sub Type Duplex Security Features [] Senior Community YN No Sewer Septic Tank Special Listing Conditions Investor Tax Annual Amount 1226.14 Utilities [] Water Source []

Listing information © 2025 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Broker: 844-591-7325.




