4831 Bonny Lake Lane, Chattanooga, TN 37416

Local realty services provided by:Better Homes and Gardens Real Estate Jackson Realty
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4831 Bonny Lake Lane,Chattanooga, TN 37416
$250,000
  • - Beds
  • - Baths
  • 1,787 sq. ft.
  • Multi-family
  • Pending
Listed by:corey ballew
Office:real broker
MLS#:1510597
Source:TN_CAR

Price summary

  • Price:$250,000
  • Price per sq. ft.:$139.9

About this home

This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updates—flooring, paint, appliances—as well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an

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Home facts

  • Year built:1966
  • Listing Id #:1510597
  • Added:128 day(s) ago
  • Updated:July 21, 2025 at 12:51 AM

Rooms and interior

  • Living area:1,787 sq. ft.

Heating and cooling

  • Cooling:Central Air, Electric
  • Heating:Central, Electric, Heating

Structure and exterior

  • Roof:Shingle
  • Year built:1966
  • Building area:1,787 sq. ft.
  • Lot area:0.31 Acres

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$250,000
  • Price per sq. ft.:$139.9
  • Tax amount:$2,423

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