7632 Mallette Road, Chattanooga, TN 37416

3 beds |
2 baths |
1,188 sqft

Single-Family Home
Built in 1965
0.4acre lot
—— car garage
$193/sqft
Listed 2 months ago

Property Description

PROVEN INCOME PROPERTY. This solid income-producing asset is located just off of Bonny Oaks Dr., a major traffic artery with quick access to highways, Hamilton Mall, Hixson, Chickamauga Lake, Harrison Bay, and downtown Chattanooga. Always a quick-to-lease rental with a reliable income stream. Current tenant pays $1,350 rent on a month-to-month lease. Cap rate in 2024 was 5.1%. Updated electrical panel to be completed in June 2025. Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal. PHOTOS: The only interior photos we have currently are branded with our watermark and so cannot be published on the MLS. You may request those be sent by email. NOTE RE ACCESS: Since this is an occupied rental property access for a walk-thru can only be granted within 3 days of an accepted offer with a walk-thru contingency.

Listing Status:: Pending
Date Added:: July 3, 2025 at 05:00AM
Listing Office:: Rock Point Real Estate : 423-752-0709
MLS ID:: 1512005

This listing courtesy of Rock Point Real Estate

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Bess T. Shepherd Elementary School

7126 Tyner Rd, Chattanooga, TN, 37421

Grades KG-5

1.69 miles away

Tyner Middle Academy

6837 Tyner Rd, Chattanooga, TN, 37421

Grades 6-8

1.25 miles away

Tyner Academy

6836 Tyner Rd, Chattanooga, TN, 37421

Grades 9-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.