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3 Overlook Tr

Rossville, GA 30741
  • $399,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 1384270
$399,000
  • 7
    BEDS
  • 1
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,072
    SQFT
  • $193
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1978
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

With an INCREDIBLE 11% Cap Rate this property boasts seven rentable units under one roof plus additional opportunities including RV parking. With an income of $70,918.32 versus expenses of just $11,866.20 that means just under $60k of potential income. Nestled on a sprawling 1.29-acre lot in the heart of a quiet Rossville neighborhood, the property is currently being occupied by long and short-term tenants and offers 7 rentable bedrooms and 3.5 bathrooms. There are also 2 potential RV pads that could mean an additional $750/mo.Additionally, there is a driveway leading to the detached garage which currently offers extra storage space and could offer the potential for another livable unit, providing an opportunity for customization. The driveway provides ample parking for guests, an RV, or a boat. Monthly Averages $735.96 Bedroom A$836.27 Bedroom B$661.95 Bedroom C$810.00 Bedroom D (monthly rental currently and an en suite)$750.00 Bedroom E (monthly rental)$800 Bedroom F (monthly rental)$615.68 Bedroom GTwo RV parking pads offer an additional potential $750/monthManagement is willing to stay on for up to a year to help with transition.Safety and convenience are paramount here, as the property features a designated storm shelter, ensuring peace of mind during inclement weather conditions. Beyond the residence, the property's expansive lot offers ample space for outdoor activities, gardening, or further development, granting you the freedom to create your private oasis. Located in a peaceful neighborhood, this property enjoys a perfect blend of tranquility and accessibility, providing easy access to local amenities and nearby attractions. This home offers ease of access to Hwy 27, is 7-8 minutes to Fort Oglethorpe shopping and dining, and is only 15-20 minutes to downtown Chattanooga. You'll also be able to explore Chickamauga National Battlefield, which is just a stone's throw from this property. Don't miss the chance to own this unique property that presents endless possibilities for personalized living or investment income. Schedule a viewing today. Local lenders are preferred.

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3 Overlook Tr Rossville, GA 30741

  • Price: $399,000
  • Status: Active
  • On Site: 68 Days
  • MLS #: 1384270
7
Beds
3
Baths
1
½ Baths
1
Acres
2,072
SQFT
$193
$/SQFT
1978
Built
Neighborhood:
Chick Park
County:
Walker
Area:
Rossville
Elementary School:
Stone Creek Elementary School
Middle School:
Rossville Middle
High School:
Ridgeland High School
Property Description
With an INCREDIBLE 11% Cap Rate this property boasts seven rentable units under one roof plus additional opportunities including RV parking. With an income of $70,918.32 versus expenses of just $11,866.20 that means just under $60k of potential income. Nestled on a sprawling 1.29-acre lot in the heart of a quiet Rossville neighborhood, the property is currently being occupied by long and short-term tenants and offers 7 rentable bedrooms and 3.5 bathrooms. There are also 2 potential RV pads that could mean an additional $750/mo.Additionally, there is a driveway leading to the detached garage which currently offers extra storage space and could offer the potential for another livable unit, providing an opportunity for customization. The driveway provides ample parking for guests, an RV, or a boat. Monthly Averages $735.96 Bedroom A$836.27 Bedroom B$661.95 Bedroom C$810.00 Bedroom D (monthly rental currently and an en suite)$750.00 Bedroom E (monthly rental)$800 Bedroom F (monthly rental)$615.68 Bedroom GTwo RV parking pads offer an additional potential $750/monthManagement is willing to stay on for up to a year to help with transition.Safety and convenience are paramount here, as the property features a designated storm shelter, ensuring peace of mind during inclement weather conditions. Beyond the residence, the property's expansive lot offers ample space for outdoor activities, gardening, or further development, granting you the freedom to create your private oasis. Located in a peaceful neighborhood, this property enjoys a perfect blend of tranquility and accessibility, providing easy access to local amenities and nearby attractions. This home offers ease of access to Hwy 27, is 7-8 minutes to Fort Oglethorpe shopping and dining, and is only 15-20 minutes to downtown Chattanooga. You'll also be able to explore Chickamauga National Battlefield, which is just a stone's throw from this property. Don't miss the chance to own this unique property that presents endless possibilities for personalized living or investment income. Schedule a viewing today. Local lenders are preferred.
Exterior Features

Exterior Siding Exterior Features Out BuildingPatio/DeckPorch Foundation Slab Garage Parking 2 Car GarageAttachedOff Street ParkingUtility Garage Lot Description Corner LotCul-De-SacGradual SlopingWooded Lot Size Dimensions 226X192 Roof Shingle Windows Vinyl

Interior Features

Appliances DishwasherElectric Range - Drop InRefrigerator Basement Crawl Space Baths Total 4.00 Beds And Baths En SuiteShared BathTub/Shower Combo Cooling 2 or More UnitsCentralElectric Dining Combined w/KitchenCombined w/Living Fireplaces 0.00 Floors CarpetHardwood SolidTile Heating CentralElectric Interior Features Laundry Room Number Of Rooms 12

Property Features

Association Fee 0 Auction No Builders Warranty No Description 2 Level Financing CashConventionalFHAVA Home Warranty No Possession Day of ClosingNegotiable Senior Community YN No Taxes 2293.70 Type Of Sale Home Owner Utilities Cable Lines/Above GroundElectric Lines/Above GroundTelephone Lines/Above Ground Water Sewer Public WaterSeptic Tank

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Real Estate Partners Chattanooga LLC: (423) 265-0088.



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