Bonny Oak Area - Flip or Rent w/ Inlaw Suite
New Deal
7733 Basswood Dr. — Chattanooga, Tennessee 37416
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2,028 total sq ft including the finished basement

4 bedrooms & 2.5 baths!

Located walking within walking distance to Amazon & Volkswagen Plants

Annual taxes $1,289.54

Currently rented at $1,200 month to month

The upstairs portion is 3 bedrooms & 1.5 baths. There is also a den that is currently being used as a bedroom

The downstairs area has a separate entrance and could be a completely different rental unit or possible AirBnb? As a std rental it would rent for $600-$700 if updated.

This home is structurally very solid and the upgrades are strictly cosmetic. Only the bathrooms need a facelift. Also, there is one flickering light in a bedroom and that seems to just be a loose wire in the circuit that has not been fixed.

There is only 1 meter on this property.

I had an agent comp this one out and is should have and ARV of $225,000 - $230,000

This one is a pretty light rehab that you should be able to knock out for 20k

If you wanted to include the utilities, you could rent these through the Section 8 program at $1,418 for the upstairs by converting the den to a bedroom and the downstairs 1 bedroom would bring in $746. Thats $2,164 per month! If you can squeeze 2 bedrooms in downstairs you can bump that rent to $903!!

Lots of opportunity here for a savvy landlord!

Video Tour Here ---> https://youtu.be/SYAw3JysJCk

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Give someone on our amazing sales team a call to help you with this deal!

Rachel - (423) 358-2588
Rachel@nplrei.com

Taylor - (423) 682-3043
Taylor@nplrei.com

All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are an realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract with the seller of the property. I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-ai, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $2,000 non-refundable deposit (cashiers check) at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of my contract with the seller to the end buyer.

Asking Price
$139,000
Monthly Rent
$1,200
Bedrooms
4
Bathrooms
2.5
Total SqFt
1,406
Year Built
1961
Construction Type
Brick/Frame
Lot Size
0.4

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