I am selling the assignable purchase contract for the property below:
1242 Browns Ferry Rd Chattanooga, TN 37419
- Suggested offer price 36k
- 3 bed / 1 bath
- 1320 sq ft
- After Repair Value 145k
- Rent Zestimate $1200
- 1 acre
- Built 1942
Multiple options with this deal! Tear down the house and subdivide the land, buy and hold for solid cashflow, or flip for a great roi!
Private, large yard backs up to a ridge with the TN river on the other side!
In the highly rated Lookout Valley Elementary school district!
There is a hole in the roof, causing mildew throughout the house. Inside is pretty outdated anyways, so I’d probably gut it down to the studs. At this price you have a ton of wiggle room to customize it however you want. There are hardwoods in parts of the house that looked salvageable.
The vinyl siding isn’t in terrible condition, although there is some hail damage to the front portion of the house. Besides that I’d clean up the yard and get a new driveway paved. There’s also a 2 car carport.
Owner needs 30 days from closing to clean out contents of the house. $3000 of the purchase price will be held in escrow and released to him upon completion or released back to the buyer if he doesn’t perform.
Realtors: Add your fee and bring a buyer!
Contact Alec at 423-910-9185 to view the property!