For more information regarding the value of a property, please contact us for a free consultation.
714 Merriam Street Chattanooga, TN 37405
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $375,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 1,344 sqft
Price per Sqft $279
Subdivision North Chatt Land Co
MLS Listing ID 2741630
Sold Date 11/28/23
HOA Y/N No
Year Built 1960
Annual Tax Amount $1,794
Lot Dimensions 50X169.2
Property Description
Opportunity is knocking! This well-maintained, duplex is within walking distance to the Northshore, downtown, restaurants, shopping, gyms, parks, and hiking trails. All of these amenities are just moments away from this quiet, peaceful street. Both units are spacious with ample storage. Each unit has one bedroom, one bath, off street parking, and access to the large, fenced, and flat back yard. Alley access in the back could add more parking. A large storage building in the back allows for all toys and tools to be neatly stored away. The electrical and plumbing have been updated. Kitchens, bathrooms, flooring, insulated windows, and 35-year roof have been updated in recent years. Average rent rates for a one bedroom/one bath in the area are $1200, pulling $2400 for both units. 30 day furnished rental rates vary from $1800-$2000/mo. Units do not share utilities. Have your mortgage paid when you live in one side and short-term rent the other. With so many options, this opportunity will not last long.
Location
State TN
County Hamilton County
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 1
Structure Type Other
New Construction false
Schools
Elementary Schools Red Bank Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
Read Less
© 2024 Listings courtesy of RealTrac as distributed by MLS GRID. All Rights Reserved.