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404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
404 Thompson Street
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$204,900

404 Thompson Street

2,400 Sq.Ft.

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Description

Investor special in highly coveted North Chattanooga! It was discovered that this property has significant structural issues that require either the property to be raised up and a new foundation built underneath, or the property to be torn down and rebuilt. This duplex is just a short walk to Tremont Street, Coolidge Park and all that Northshore has to offer, and brand new duplexes are currently being built right next door! If a buyer decides to tear down the property, most of the following updates can be salvaged to offset demolition cost: NEW roof, two NEW HVAC units, multiple NEW windows, two NEW water heaters, NEW washer and dryer in both units, NEW LVP flooring throughout both units, NEW kitchen and baths (cabinetry, fixtures, shelving, appliances, countertops, etc), NEW doors and all new interior paint. This property is zoned R2, and estimated gross monthly rent of $3,000-$3,500 help make this an excellent short-term or long-term investment. Schedule your private tour today before it's too late!

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Location

404 Thompson Street, Chattanooga, TN 37405

Status

Sold

Property Amenities

Interior
Other Interior Features Eat-in Kitchen, Open Floorplan
Area & Lot
Lot Area 9,147.6 Sq.Ft.
Living area 2,400 Sq.Ft.
MLS® ID 1364701
Year Built 1930
High School Red Bank High School
Middle School Normal Park Upper
Elementary School Normal Park Elementary
Type Multi-Family
Status Sold
Exterior
Stories 2
Air conditioning Central Air, Electric, Multi Units
Heat type Central, Electric, Multi Units
Water Source Public
Parking Off Street
Lot Features Gentle Sloping
Roof Shingle
Utilities Sewer Connected
Finance
Sales Price $204,900
Real Estate Tax $4,735 yearly

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Contact Details

TIM ADAMS

(423) 521-2911

[email protected]

 

 

7158 Lee Hwy
Chattanooga TN 37421