1. Tennessee
2. Chattanooga
3. 4831 Bonny Lake Lane

4831 Bonny Lake Lane, Chattanooga, TN 37416

• 1,787 sqft

Property Description

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 accepted offer. Please do not disturb tenants.

Listing Status:

Active

Date Added:

June 22, 2025 at 05:00AM

Listing Office:

Real Broker : 844-591-7325

MLS ID:

1510597

Interior

• Appliances: None
• Laundry: Laundry Room
• Flooring: CarpetTile
• A/C: Central AirElectric
• Heating: CentralElectric

Exterior

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Real Broker