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7822 Basswood Drive #7822/7824, Chattanooga, TN 37416

Chattanooga
Local realty services provided by:CENTURY 21 Professional Group
7822 Basswood Drive #7822/7824,Chattanooga, TN 37416
$249,900
  • 4 Beds
  • 2 Baths
  • 1,868 sq. ft.
  • Multi-family
  • Active
Listed by: mckenna blevins
Office: real broker
MLS#:1543517
Source:TN_CAR

Price summary

  • Price:$249,900
  • Price per sq. ft.:$133.78

About this home

This duplex offers a solid opportunity for an investor looking for immediate rental income with additional upside over time. Each unit features 2 bedrooms and 1 bathroom, and both units are currently occupied with leases in place. One unit is leased on a 6-month term at $1,150/month and features recently updated flooring throughout, a new bathroom vanity, a refrigerator, and washer/dryer hookups. The second unit is currently leased month-to-month at $1,000/month and also includes a refrigerator and washer/dryer hookups. Tenants pay all utilities, and each unit is individually metered. Current gross monthly rent is $2,150, producing $25,800 in gross annual rental income. With two separately metered 2BR/1BA units, established tenants, and tenant-paid utilities, the property provides in-place cash flow from day one. The month-to-month lease also gives a future owner flexibility to evaluate rental rates and pursue additional income potential over time, subject to applicable lease...

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Home facts

  • Year built:1969
  • Subdivision & Development:None
  • Listing ID #:1543517
  • Added:6 day(s) ago
  • Updated:October 04, 2026 at 02:42 PM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:2
  • Full bathrooms:2
  • Flooring:Vinyl
  • Basement:Yes
  • Living area:1,868 sq. ft.

Heating and cooling

  • Cooling:Varies by Unit
  • Heating:Electric, Heating, Hot Water

Structure and exterior

  • Roof:Shingle
  • Year built:1969
  • Building area:1,868 sq. ft.
  • Lot area:0.31 Acres
  • Construction Materials:Brick, Concrete, Vinyl Siding
  • Foundation Description:Concrete Perimeter, Slab
  • Levels:One

Utilities

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

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$133.78
  • Tax amount:$2,315

Features and amenities

  • Amenities:Plumbed, Sitting Area

Parking

  • Parking description:Concrete, Driveway

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