3 Overlook Tr, Rossville, Georgia, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$399,000

3 Overlook Tr
Rossville, Georgia, United States

7bd 3ba 2,072 sqft

Listed By: Homes & Land Magazine

Listed On: 04/06/2024

Listing ID: GL11105197 View More Details

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 G Two RV parking pads offer an additional potential $750/month Management 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.