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4831 Bonny Lake Lane, Chattanooga, TN 37416

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For Sale
Sale Pending

$250,000

1,787 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $139.90
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updates flooring, paint, appliances as well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.
MLS# 1510597

Courtesy Of Real Broker, LLC

(844) 591-7325

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Patio
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Carpet, Tile
  • Lot Size
    0.31 Acres

Map and Directions

Directions to 4831 Bonny Lake Lane, Chattanooga, TN 37416

Home seller CENTURY 21 Prestige

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prestige

(423) 498-3200
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Monthly Payment Breakdown

  • Principle and Interest
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Copyright © 2025 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. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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