5307 Hwy 58, Chattanooga, TN 37416 (MLS# 1187900)

GREAT INVESTMENT OPPORTUNITY! BANK OWNED! ALL OFFERS CONSIDERED! NO WARRANTIES NO REPS ''SOLD AS IS'' COMPLEX BEING MANAGED BY RIVER CITY PROPERTY MANAGEMENT TO RENT UP VACANCIES. PREVIOUS OWNERS LOST A LOT TO TENANTS FROM LACK OF MANAGEMENT AND MAINTENANCE. THE APARTMENT COMPLEX CONSIST OF 24 1 BEDROOM, 1 BATH UNITS, AND 24 2 BEDROOM, 1 BATH. THE BUILDING HAS TWO LEVELS WITH A BREEZEWAY. THE LOWER LEVEL UNITS ALL HAVE PATIOS, UPPER UNITS HAVE BALCONIES. EXTERIOR HAS BEEN PAINTED IN 2011 WITH RUSTIC COLORS TO ENHANCE THE SPANISH DESIGN. THIS IS A GREAT LOCATION CLOSE TO SHOPPING, SCHOOLS, VW, AND ONLY 15 MINUTES TO DOWNTOWN. SOME UNITS HAVE BEEN PARTIALLY RENOVATED WITH NEW CARPET, AND PAINT. SOME OF THE UNITS HAVE APPLIANCES STOVE, REFRIGERATORS, DISHWASHERS, ALL UNITS HAVE WASHER/DRY

Supplements: K-UPS. TWO BEDROOM UNITS HAVE DOUBLE VANITIES IN BATHROOM AREA WITH TUB AND SHOWER COMBO, LIVING ROOM, DINING ROOM, LAUNDRY CLOSET, LINEN CLOSET, COAT CLOSET. MOST 1 BEDROOM UNITS HAVE WINDOW AIR/HEAT (HOTEL STYLE). THERE IS CENTRAL HEAT & AIR IN ALL THE 2 BEDROOM UNITS. 1 BEDROOM UNITS RENTED FROM $450 TO $475, 2 BEDROOMS RENTED FROM $525 TO $550. AT THIS TIME ONLY 17 UNITS ARE RENTED. RIVER CITY PROPERTY MANAGEMENT IS WORKING WITH THE BANK TO RENT THE UNITS AS QUICKLY AS POSSIBLE. NO SALE SIGN OR LOCK BOX AT PROPERTY. THERE ARE VACANT UNITS TO VIEW SO CALL TODAY TO TAKE A LOOK!