1. Tennessee
2. Chattanooga
3. 3708 Monte Vista Drive 08

3708 Monte Vista Drive 08, Chattanooga, TN 37411

• 1,890 sqft

Property Description

Don't miss this excellent investment opportunity - a well-maintained duplex with two bedrooms and two full bathrooms on each side in a super convenient location. One bedroom/bath is on the main level while the second bedroom/bath is in an open loft upstairs. The flooring was replaced with luxury vinyl plank in 2023 on both sides; a list of recent updates is in the documents section of this listing. Both sides are rented for $975 per month; both tenants are past their lease and are on a month-to-month basis. In the documents section of this listing is a rent roll for each side going back to 2022. Unit 3710 was vacant all of 2022 and six months into 2023 because the Seller was caring for a family member who passed away. The HVACs have been maintained semi-annually by Reliable Heating & Air Conditioning Co for as long as the Seller can remember; Invoices for the 2025 maintenance visits are in the documents section of this listing. At the list price, with $23,400 of annual gross income, and a NOI of $19,986, the CAP rate is 8.5%. A better CAP rate is possible through higher rent. Because these units are both rented, no showings are allowed until an accepted contract is reached with a Buyer. Please do not disturb the tenants. The Seller prefers to close at Burns Henry & Kirksey's Chattanooga Office.

Listing Status:

Pending

Date Added:

July 30, 2025 at 05:00AM

Listing Office:

Zach Taylor - Chattanooga : 855-261-2233

MLS ID:

1517718

Interior

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Zach Taylor - Chattanooga