2212 Bailey Avenue, Chattanooga, TN 37404

3 beds |
1 bath |
1,064 sqft

Single-Family Home
Built in 2002
6,534sqft lot
—— car garage
$213/sqft
Listed 1 month ago

Property Description

PROVEN INCOME PROPERTY. This newer (2002) income-producing asset is in a great area with quick nearby access to highways, UTC, hospitals, and downtown Chattanooga. Always a quick-to-lease rental. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 6%. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal. PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email. NOTE RE ACCESS: Since this is an occupied rental property, access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.

Listing Status:: Active
Date Added:: May 28, 2025 at 05:00AM
Listing Office:: Rock Point Real Estate : 423-752-0709
MLS ID:: 1512884

A/C: Central AirElectric
Heating: CentralElectric

This listing courtesy of Rock Point Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Orchard Knob Elementary School

400 N Orchard Knob Ave, Chattanooga, TN, 37404

Grades PK-5

0.57 miles away

Orchard Knob Middle School

500 N Highland Park Ave, Chattanooga, TN, 37404

Grades 6-8

0.97 miles away

Chattanooga Girls Leadership Academy

1802 Bailey Ave, Chattanooga, TN, 37404

Grades 6-12

0.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.