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Keller Williams Greater Chattanooga East Brainerd
1039 E 5th Street, Chattanooga, TN 37403
- $650,000
- 4
- BD
- 4
- BA
- 2,400
- SqFt
- List Price
- $650,000
- MLS#
- 1545767
- Bedrooms
- 4
- Sq. Ft
- 2,400
- Acres
- 0.10
- Year Built
- 1930
- Subdivision
- Hope & Chandler
Property Description
1039 E 5th Street | Historic Charm. Four Doors. A World of Possibilities. Historic charm meets investment opportunity at 1039 E 5th Street. This distinctive four-unit property offers the flexibility to rent all four residences or occupy one while rental income from the other three offsets your mortgage, subject to existing leases. Current rental income totals $3,370 per month, with estimated market rent potential of $4,400 per month and estimated midterm rental potential of $6,500 per month. Approximately 95 years old, the property underwent a complete renovation in 2014, including plumbing, electrical, HVAC, and roofing. High ceilings and hardwood floors throughout complement its historic character including operable original windows, original wood trim and doors, and charming transom windows. A spacious front porch provides an inviting place to unwind, while the quiet front yard features a natural, grass-free landscape. Mature trees create a wooded backyard setting that adds to the property's appeal. Whether expanding your investment portfolio or seeking an owner-occupied property with multiple rental income streams, this quadruplex combines architectural character with income growth potential. Rental estimates are projections, subject to market conditions, occupancy, furnishings, and operating expenses.
Additional Information
- Exterior
- Brick
- Interior
- Granite Counters, Natural Woodwork
- Roof
- Other
- Floors
- Ceramic Tile, Wood
- Foundation
- Brick/Mortar
- Basement
- Crawl Space
- Appliances
- Dishwasher, Free-Standing Electric Range, Free-Standing Refrigerator, Washer/Dryer, Water Heater
- Exterior Features
- Awning(s)
- Community Features
- Street Lights, Sidewalks
- Cooling
- Multi Units
- Heating
- Central, Electric, Heat Pump, Varies by Unit
- Elementary School
- Brown Academy
- Middle School
- Orchard Knob Middle
- High School
- Howard School Of Academics & Tech
- Financing Available
- Cash, Conventional
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Listing courtesy of Zach Taylor - Chattanooga.