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4 Beds
2 Baths
1,868 sqft

$249,900

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

Price per sqft$133.78
Built in1969
Property size1,868 sqft
Property typeMulti-family
Courtesy of McKenna Blevins, REAL Broker,423-619-5360

Overview

Active

Listed Sep 27, 2026

Updated 11 days ago

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 terms and market conditions. The property is conveniently located near major employers including Amazon and Volkswagen, with access to nearby interstate routes and surrounding areas. This location may help support continued rental demand while giving tenants convenient access to employment, shopping, and everyday amenities. Whether you're looking to expand your rental portfolio or acquire a duplex with existing cash flow and room for future upside, this property is ready for its next owner. Tenant-occupied units require advance notice for showings. Please do not disturb tenants. Owner/Agent Listing

$1,663/mo

Est. mortgage payment based on a $249,900 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1543517

Interior Features

Bedrooms
4
Bathrooms
2
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.31 Acres

Other Property Details

Taxes
$2,316
Tax Frequency
Annually
Pets Allowed
Yes
55+/Senior Community
No

Courtesy of McKenna Blevins, REAL Broker,423-619-5360 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kim Bass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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