1603 E 47th St, Chattanooga, TN 37407

$125,000 Asking Price

2 beds
1 bath
1,042  sqft
Built in 1930

Outstanding Investment Opportunity and Charming Home Awaits You! Are you seeking an exceptional property that can offer both a lucrative investment and a comfortable place to call home? Look no further. This strategically positioned property is situated in a highly desirable area, where convenience to all the essentials is key. Located just minutes away from the bustling downtown area, hospitals, shopping centers, and a variety of dining options, its central location serves as a valuable asset. At present, this property is a reliable source of rental income, yielding $1,112 per month. This establishes it as a solid, income-generating investment right from day one. It's important to note that the property has recently undergone a minor renovation, ensuring it's in top shape for either a new tenant or a new owner. In consideration of the privacy and comfort of our valued tenants, we kindly request that property viewings be scheduled following an accepted contract. This approach is designed to facilitate a seamless process for all parties involved. Whether you're an astute investor searching for a promising addition to your portfolio or someone looking for an affordable and welcoming place to live, this property offers a multitude of possibilities. Don't miss the chance to explore this remarkable investment opportunity or to discover the benefits of making it your own home. Act now and seize this opportunity while it's still available!


Features & Amenities

Interior

General:
Washer & Dryer Hookup, Master on Main Level, Tub/Shower Combo
Appliances:
Electric Range - Free Standing, Water Heater - Electric
Basement:
Crawl Space
Flooring:
Hardwood Engineered, Laminate, Tile
Heating:
true, Central, Electric
Fireplace:
Fireplace, Fireplaces: 3

Exterior

General:
Porch Covered
Parking:
Main Level, Off Street Parking, None

Construction

Roofing:
Shingle
General:
One

Location

HOA Amenities:
0.0, Not Applicable
Originating MLS:
Greater Chattanooga REALTORS®
County:
Hamilton

Lot

Zoning:
Lot 13 Blk 11 Boulevard Park Addn P B 5 Pg 50 0167 26 08, 168i F 021

Utilities

Utilities:
Cable Lines/Above Ground, Electric Lines/Above Ground, Telephone Lines/Above Ground
Water:
On Sewer,Public

Financial

Source:
Greater Chattanooga REALTORS®

This listing courtesy of:
EXP Realty, LLC

About Chattanooga, TN

Housing

Number of Units
104,017
Median Home Value
$194,747
Median Rent
$769

46.46% of housing units are renter occupied.

9.12% are vacant.

Commute

Car
73.56%
Public Transportation
1.48%
Walk to Work
1.51%
Work from Home
22.57%
Other
0.57%

The median travel time to work is 16 minutes.

People

Population
213,893
Median Age
38.60
Median Household Size
2.34

Education

High School
27.11%
Associate’s Degree
8.63%
Bachelor’s Degree
20.33%
Graduate Degree
11.09%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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