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2212 Bailey AVE Chattanooga, TN 37404
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Key Details
Sold Price $208,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,064 sqft
Price per Sqft $195
Subdivision Montagues Addn #2
MLS Listing ID 1512884
Sold Date 07/11/25
Bedrooms 3
Full Baths 1
Year Built 2002
Lot Size 6,534 Sqft
Acres 0.15
Lot Dimensions 50 x 134
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
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.
Location
State TN
County Hamilton
Area 0.15
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Heat Source Central, Electric
Exterior
Exterior Feature Private Yard
Parking Features Off Street
Garage Description Off Street
Utilities Available Cable Available, Electricity Connected
Garage No
Building
Lot Description City Lot, Level
Faces On south side of Bailey Ave. between S. Lyerly St. and S. Kelly St., a quarter mile west of Dodds Ave. overpass, and about one mile east of S. Holtzclaw Ave.
Foundation Block
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Orchard Knob Elementary
Middle Schools Orchard Knob Middle
High Schools Howard School Of Academics & Tech
Others
Senior Community No
Tax ID 146n L 007
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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