1725 Newton ST Chattanooga, TN 37406
3 Beds
2 Baths
1,062 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,062 sqft
Price per Sqft $178
Subdivision Avondale
MLS Listing ID 1540427
Style Contemporary
Bedrooms 3
Full Baths 1
Half Baths 1
Year Built 1920
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 46.5X173M
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
Property Description
Add an income-producing Chattanooga rental to your portfolio with a tenant already in place and immediate rental income from day one. 1725 Newton St is currently leased at $1,437 per month through August 31, 2027, providing an investor with established income and no immediate need to market or lease the property.
This property may be purchased individually or as part of a three-property Chattanooga rental portfolio that includes 1725 Newton St, 2120 Cleveland Ave and 1307 Wheeler Ave. Together, the three properties currently generate $4,654 per month / $55,848 annually in scheduled gross rent.
Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount.
Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.
Location
State TN
County Hamilton
Area 0.18
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen, Tub/shower Combo
Heating Ceiling, Central
Cooling Central Air, Electric
Flooring Carpet
Fireplace No
Window Features Aluminum Frames
Appliance Refrigerator, Free-Standing Electric Range
Heat Source Ceiling, Central
Exterior
Exterior Feature Other
Parking Features Concrete
Garage Description Concrete
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected
Roof Type Shingle
Porch Porch
Garage No
Building
Lot Description Level
Faces From Downtown Chattanooga Georgia Ave turn right onto E 4th Street for 0.5 miles then keep right on Riverside Drive for 0.4 miles. Turn right onto Wilcox Blvd for 1.4 miles, turn left onto N Sheridan Ave or 0.6 miles then left on Newton Street and destination is 350 feet on the left.
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Structure Type Other
Schools
Elementary Schools Hardy Elementary
Middle Schools Orchard Knob Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 136k G 032
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
Special Listing Condition Investor
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