Welcome to the Chattanooga Real Estate Newsletter!
Hello everyone, and welcome to the August 2024 edition of the Chattanooga Real Estate Newsletter! (Please disregard the prior email you recieved this morning; that was last month's template sent by mistake.)
Two particularly important items I'd like to point you to in this month's edition:
1. Mortgage Rates Looking More Attractive (The average 15 year fixed rate starts with a 5 right now!)
2. Historic Zoning Reform in Chattanooga was passed in July, allowing investors to build new construction on smaller lot sizes (among other changes).
Check Out the Market Update and RE News sections below for more info on these stories.
As you've come to expect, I've worked hard to put together a list of off-market opportunities that only readers of this newsletter have access to; check them out below. Thank you for being a loyal reader. I hope this newsletter continues to be a valuable resource for all your real estate endeavors.
- Jackson Malcolm, Real Estate Agent
Two particularly important items I'd like to point you to in this month's edition:
1. Mortgage Rates Looking More Attractive (The average 15 year fixed rate starts with a 5 right now!)
2. Historic Zoning Reform in Chattanooga was passed in July, allowing investors to build new construction on smaller lot sizes (among other changes).
Check Out the Market Update and RE News sections below for more info on these stories.
As you've come to expect, I've worked hard to put together a list of off-market opportunities that only readers of this newsletter have access to; check them out below. Thank you for being a loyal reader. I hope this newsletter continues to be a valuable resource for all your real estate endeavors.
- Jackson Malcolm, Real Estate Agent
Available Deals & Opportunities
In each edition of the newsletter, I will send out a list of off-market deals available to purchase, as well as other real estate opportunities. If you are interested, please give me a call!Unlisted Multifamily Opportunity - 14 Units - Dalton GA
3 duplexes and 2 quadplexes
The current rents are $750 per unit for the 2 br / 1 ba Quads and $800 per unit for the 2 duplexes. Total rents currently are $10,800 a month or $129,6000 annually.
These are very below market value. The quads should be at least $1000 to $1100 per month and the Duplex should be running around $1100 to $1200. Monthly potential should be $14,600 on the low side or $175,200 annually.
I have addresses and financials for those who are interested - please reply to this email or text me to discuss further.
The current rents are $750 per unit for the 2 br / 1 ba Quads and $800 per unit for the 2 duplexes. Total rents currently are $10,800 a month or $129,6000 annually.
These are very below market value. The quads should be at least $1000 to $1100 per month and the Duplex should be running around $1100 to $1200. Monthly potential should be $14,600 on the low side or $175,200 annually.
I have addresses and financials for those who are interested - please reply to this email or text me to discuss further.
