$1,020,000
bedrooms
0
bathrooms
0
square feet
840
Acreage
2.75
Open Houses
-
year built
1984
Full Baths
0
Half Baths
0
Incredible Multifamily Portfolio with Development Opportunity on Poteet Road Discover a unique chance to own a bundled investment property portfolio with immense earning potential. Nestled at the foot of the picturesque Grassy Mountain, this 2.75-acre estate boasts three income-generating properties with nearly 200 feet of serene creek frontage. Plenty of acreage to develop additional multifamily, short-term or long-term rentals. Here's what's included:
164 Poteet (Single-Family Home) • 2 Bed, 2 Bath with an in-ground swimming pool • Currently rented for $1,800/month • Spacious acreage with potential for additional rentals
190 Poteet (Duplex) Two units, each 2 Bed, 1 Bath (840 sq. ft. per unit) • Current rents are $500 and $800/month (below market)
168 Poteet (Triplex - New Construction) • New construction with three units: • 2 units are 2 Bed, 1.5 Bath • 1 unit is 2 Bed, 1 Bath • Rented for $1,150, $1,250, and $1,300/month Financial Highlights: • Gross Yearly Rent: $81,600 • Upside Potential: Opportunity to bring rents to market rate and develop the extra acreage for short- or long-term rentals. Details: • Tenant-occupied: Showings available after an accepted offer. • All three properties are sold as a package and will not be separated. Don't miss out on this rare investment opportunity with multiple income streams and significant growth potential. All offers will be reviewed!
Location | |
Subdivision | - |
County | Murray |
Elementary School | Eton Elementary |
Middle School | New Bagley Middle |
High School | North Murray |
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 1503832
Listing agent:
Michael Morgan
Listing broker:
Realty Center Of Chattanooga
(423) 643-9300
Copyright © 2024 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Monday, December 9 2024 at 3:18 p.m. EST
Kotohomes National
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