32 Germantown RD Chattanooga, TN 37411
4,644 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Pending
Purchase Type For Sale
Square Footage 4,644 sqft
Price per Sqft $145
MLS Listing ID 1514603
Year Built 1981
Lot Size 0.310 Acres
Acres 0.31
Lot Dimensions 68X200
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
Cash-flowing, and fully renovated—welcome to 32 S Germantown Rd, a high-performing quadplex featuring four spacious 2-bedroom, 2-bathroom units in one of Chattanooga's most accessible corridors.
This income-producing property is fully occupied with a monthly rent roll of $4,975, and tenants pay all utilities, keeping operating expenses low and returns high.
Renovation Highlights:
•New LVP Flooring + new carpet in bedrooms
•Fully remodeled kitchens with modern layouts and finishes
•Brand-new appliances
•Updated bathrooms with new vanities, fixtures, toilets, and finishes
•Fresh interior and exterior paint for a clean, modern feel
•Updated hardware & lighting throughout
Rent Roll:
Unit 1: $1,200/mo
Unit 2: $1,300/mo
Unit 3: $1,175/mo
Unit 4: $1,300/mo
Total: $4,975/month
Investment Highlights:
•Flexible month to month lease terms ready to increase income
•Forced appreciation through available income growth
•Tenants pay all utilities - low owner expenses
•Located minutes from downtown Chattanooga, Brainerd, and I-24
•Strong area for long-term appreciation and rental growth
•Ideal for long-term buy-and-hold, house hacking, or 1031 exchange
•Perfect for owner-occupants - live in one unit and rent the others to offset your mortgage and build wealth
This is a rare opportunity to own a cash-flowing multifamily asset in a strong Chattanooga income and equity market. Whether you're an experienced investor or first-time multifamily buyer, this quadplex checks all the boxes.
*No showings of occupied units until accepted offer in place
*Agent is an immediate family member of seller
Location
State TN
County Hamilton
Area 0.31
Interior
Heating Central
Cooling Central Air, Multi Units
Flooring Carpet, Luxury Vinyl
Fireplace No
Appliance Refrigerator, Electric Water Heater, Electric Oven, Dishwasher
Heat Source Central
Laundry In Unit
Exterior
Exterior Feature Balcony
Parking Features Driveway, Parking Lot
Garage Description Driveway, Parking Lot
Roof Type Shingle
Porch Deck, Patio, Porch - Covered
Garage No
Building
Faces From I-24, take Exit 183B toward Germantown Rd, head south, and the property is .5 miles down on the right at 32 S Germantown Rd.
Sewer Public Sewer
Water Public
Structure Type Stone,Wood Siding
Schools
Elementary Schools East Ridge Elementary
Middle Schools Dalewood Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 157a B 036
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
