8780 Millard Lee LN Active Save Request In-Person Tour Request Virtual Tour
Chattanooga,TN 37416
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,720 sqft
Price per Sqft $183
MLS Listing ID 1514033
Year Built 1984
Lot Size 0.820 Acres
Property Sub-Type Quadruplex
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.
Location
State TN
County Hamilton
Area 0.82
Interior
Heating Forced Air
Cooling Electric,Window Unit(s)
Flooring Carpet,Laminate
Laundry Electric Dryer Hookup,In Unit,Washer Hookup
Exterior
Parking Features Concrete,Driveway,Off Street,Paved
Garage Description Concrete, Driveway, Off Street, Paved
Roof Type Asphalt,Shingle
Building
Story One and One Half
Foundation Block,Permanent
Sewer Septic Tank
Water Public
Structure Type Wood Siding
Schools
Elementary Schools Harrison Elementary
Middle Schools Brown Middle
High Schools Central High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional