13
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$485,000
Est. payment /mo
2,720 SqFt
Active
8780 Millard Lee Lane Chattanooga, TN 37416
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $178
MLS Listing ID 3057075
HOA Y/N No
Year Built 1984
Annual Tax Amount $1,848
Lot Dimensions 157.9X227.7
Property Description
Fully Leased Quadroplex on Over Half an Acre | Prime Investment Opportunity Near Booker T. Washington Park
Located on a quiet street just minutes from Highway 153, 8780 Millard Lee Lane presents a strong opportunity to own a fully leased quadroplex in a high-demand rental pocket of Chattanooga. Situated on over half an acre, this income-producing property features four 1-bedroom, 1-bathroom units, each with private entrances and off-street parking.
The property is currently generating $3,125/month in gross rental income, with all tenants on month-to-month leases, offering built-in flexibility and ample room to increase rents. Units are in B/C condition, making this a perfect value-add play for investors looking to improve cash flow through light updates or repositioning.
Just a short walk to Booker T. Washington State Park and the lake, this location offers access to outdoor amenities while remaining close to shopping, job centers, and major thoroughfares.
This is a rare find for investors seeking consistent income, low vacancy, and future upside potential—all on a spacious lot with favorable zoning.
Don't miss your chance to invest in a stable, cash-flowing asset with growth potential.
DO NOT DISTURB TENANTS. Information deemed reliable, but not guaranteed. BUYER to verify any and all information deemed important.
Located on a quiet street just minutes from Highway 153, 8780 Millard Lee Lane presents a strong opportunity to own a fully leased quadroplex in a high-demand rental pocket of Chattanooga. Situated on over half an acre, this income-producing property features four 1-bedroom, 1-bathroom units, each with private entrances and off-street parking.
The property is currently generating $3,125/month in gross rental income, with all tenants on month-to-month leases, offering built-in flexibility and ample room to increase rents. Units are in B/C condition, making this a perfect value-add play for investors looking to improve cash flow through light updates or repositioning.
Just a short walk to Booker T. Washington State Park and the lake, this location offers access to outdoor amenities while remaining close to shopping, job centers, and major thoroughfares.
This is a rare find for investors seeking consistent income, low vacancy, and future upside potential—all on a spacious lot with favorable zoning.
Don't miss your chance to invest in a stable, cash-flowing asset with growth potential.
DO NOT DISTURB TENANTS. Information deemed reliable, but not guaranteed. BUYER to verify any and all information deemed important.
Location
State TN
County Hamilton County
Interior
Heating Other
Cooling Electric, Wall/Window Unit(s)
Flooring Carpet, Laminate
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Asphalt
Private Pool false
Building
Story 2
Sewer Septic Tank
Water Public
Structure Type Wood Siding
New Construction false
Schools
Elementary Schools Harrison Elementary School
Middle Schools Brown Middle School
High Schools Central High School
Others
Senior Community false
Special Listing Condition Standard
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