4511 Balcomb St, Chattanooga, TN 37409

Description

St. Elmo, and an investor special - both true at once, which is the opportunity.

Here is the interesting part. This reads as a duplex that somebody converted into a single-family home, and taking it back looks like closing off one doorway. Two rentable doors in St. Elmo is a different conversation than one, and most of that work appears to have been done already, in the wrong direction.

It needs work regardless. It is a fixer and there is no point pretending otherwise - ceilings are open to the joists in places, floors are down to the boards - so come with a budget and a contractor rather than a paint roller. What you are buying is the address and the footprint, in a neighborhood where people wait for something to come up.

As a rental it takes care of itself. This is a part of town where tenants want to be and stay, close to the shops and restaurants on the avenue and the trailheads on the mountain behind it.

Bring your own numbers. Sold as-is. Buyer to verify any conversion with the county.