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About This Home
This 5-bedroom, 6-bathroom residential multi family at 1422 Stratton Place Drive in Chattanooga, TN is listed for $449,900 ($167 per sqft). Built in 1980, the home offers 2,700 sqft of living space on a 0.34 acres lot.
Welcome to 1422 Stratton Place Drive - an inviting INCOME PRODUCING duplex nestled in the highly desirable East Brainerd area! This convenient property offers easy access to major roadways, shopping centers, dining options, and everyday conveniences, making it an excellent choice for both homeowners, tenants and investors alike.
Situated just off East Brainerd Road and mere minutes to Hamilton Place Mall & Gunbarrel Rd's top desinations. Unit A: 3 bedroom / 2.5 bathrooms Unit B: 2 bedroom / 1.5 bathrooms The exterior showcases a classic, well maintained facade with ample off-street parking, welcoming covered front porch and neatly kept lawn, adding to its curb appeal.
Each unit provides comfortable living spaces with nice natural light, recently updated flooring & paint, in-unit laundry, a main level half bathroom, large living rooms, private rear access to decks, outdoor storage rooms, and a functional environment for tenants or owner-occupants.
Unit A: 3 upstairs bedrooms / 2 full bathrooms. Leased for $1,995 per month. Unit B offers 2 upstairs bedrooms / 1 full hall bath. A grand renovation in 2025 with documentation records. Leased for $1,471 per month. Roof & HVAC systems (x2) are estimated to have been replaced in 2020-2021.
With its prime location and strong rental potential, this property presents a valuable opportunity to own an investment property in one of Chattanooga's most convenient & sought-after areas. Current Gross Rental Income: 3,466 / month. $41,592 annually. 48 hour advance notice & proof of funds or available financing required for all showings. Schedule your private viewing today! All information is deemed reliable but not guaranteed; buyers and agents are encouraged to independently verify all details deemed necessary.
Key Features
- Built in 1980
- 0.34 acre lot
- 2 stories
Property Details
Amenities
Monthly Cost Estimate
$2,406/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1422 Stratton Place Drive
Chattanooga, TN 37421
Stratton Place
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Pool Features
Parking
Heating
Cooling
Questions & Answers
This 5-bedroom, 6-bathroom residential multi family at 1422 Stratton Place Drive is listed at $449,900 ($167/sqft). The estimated monthly payment is $1,950 based on 20% down at 6.5% interest.
Key features include: Built in 1980, 0.34 acre lot, 2 stories. Interior Features: Breakfast Room, Ceiling Fan(s), Eat-in Kitchen. Exterior Features: Private Yard, Storage.
This property is listed by Brian Erwin and can be reached at 4237187667 or brianerwinrealestate@gmail.com.