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4061 Teakwood Drive, Chattanooga, TN 37416

Chattanooga
Local realty services provided by:CENTURY 21 Legacy
4061 Teakwood Drive,Chattanooga, TN 37416
$322,000
  • - Beds
  • 2 Baths
  • 1,920 sq. ft.
  • Multi-family
  • Pending
Listed by: drew carey
Office: exp realty, llc.
MLS#:20261303
Source:TN_RCAR

Price summary

  • Price:$322,000
  • Price per sq. ft.:$167.71

About this home

PRICE DROP - MOTIVATED SELLER - STRONG RENT UPSIDE Fantastic opportunity to acquire a solid all-brick, one-level duplex now offered at a recently reduced price. The seller is highly motivated, making this an excellent time to secure a property with immediate income and room to increase returns. Each unit features 2 bedrooms and 1 bathroom. One side is currently occupied by long-term tenants on a month-to-month lease, providing instant cash flow, while the other unit is vacant and ready to rent or occupy. Current rents are below market, offering clear potential for higher rental income with minimal effort--ideal for investors looking to maximize returns or owner-occupants planning to live in one unit while renting the other at market rates. The occupied unit has already been updated, adding value and reducing near-term capital expenses. Outside, enjoy a large, flat, and private backyard, offering flexibility for tenant enjoyment or future improvements. Located in an area with strong...

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Home facts

  • Year built:1969
  • Listing ID #:20261303
  • Added:19 day(s) ago
  • Updated:April 03, 2026 at 07:55 AM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Carpet, Luxury Vinyl
  • Kitchen Description:Dishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
  • Living area:1,920 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Year built:1969
  • Building area:1,920 sq. ft.
  • Lot Features:Level
  • Architectural Style:Ranch
  • Construction Materials:Brick
  • Exterior Features:Patio, Rain Gutters
  • Foundation Description:Slab
  • Levels:1 Story

Schools

  • High school:Central High
  • Middle school:Brown
  • Elementary school:Harrison Elem.

Utilities

  • Water:Public, Water Available, Water Connected
  • Sewer:Public Sewer, Sewer Available, Sewer Connected

Finances and disclosures

  • Price:$322,000
  • Price per sq. ft.:$167.71
  • Tax amount:$2,423

Features and amenities

  • Appliances:Dishwasher, Dryer, Electric Oven, Electric Range, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, appl_Washer
  • Amenities:Primary Downstairs, Vinyl Frames

Parking

  • Parking description:Driveway, Off Street

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