8740 Millard Lee Lane Open House Save Request In-Person Tour Request Virtual Tour
Chattanooga,TN 37416
OPEN HOUSE
Sat Apr 05, 1:00pm - 3:00pm Sun Apr 06, 1:00pm - 3:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,834 sqft
Price per Sqft $166
Subdivision Innwood Village
MLS Listing ID 2812775
HOA Y/N No
Year Built 1981
Annual Tax Amount $1,226
Lot Dimensions 103X175
Property Description
Welcome to 8740 Millard Lee Ln, a rare opportunity to own a fully updated duplex in a convenient location with cheap, county-only taxes! Situated on a quiet street, this property is just a short walk to Booker T. Washington State Park and the lake, offering easy access to outdoor recreation, and just minutes to Highway 153. This duplex features two identical 2-bed, 1-bath units, making it perfect for house hacking—live in one side and rent the other—or renting out both units for strong cash flow! Both units have excellent rental history - the right side rented consistently for $1,295 per month, while the left side was rented to a family member at a discounted rate of $950 per month but can easily achieve $1,295 or more. Both units are now vacant, allowing a new owner the flexibility to move in or choose their own tenants and lease immediately. The property has been fully renovated with new LVP flooring throughout, fresh interior and exterior paint, and a new roof installed in 2022. A brand-new septic system and field lines were installed in 2023, and the left unit had a brand-new water heater and expansion tank added in 2025. Both units feature newer stainless steel Whirlpool appliances and modern butcher block countertops, and the right unit features new cabinets. New energy-efficient windows and new sliding glass doors were installed throughout both units, which makes utility bills cheaper. The bathrooms have been renovated with updated shower/tubs, fixtures, lighting, and vanities. The left unit also has a newer interior and exterior HVAC system installed in 2021. The bedrooms and kitchens are spacious, and each kitchen boasts a pantry for added storage. Sitting on nearly half an acre, this property boasts a massive, level, and private backyard, offering plenty of space for outdoor activities. Each unit includes a private laundry area with hookups located in attached storage sheds, providing extra convenience and additional storage.
Location
State TN
County Hamilton County
Interior
Heating Central,Electric
Cooling Central Air,Electric
Flooring Vinyl,Other
Fireplace N
Exterior
Utilities Available Electricity Available,Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 1
Sewer Septic Tank
Water Public
Structure Type Other,Brick
New Construction false
Schools
Elementary Schools Harrison Elementary School
Middle Schools Brown Middle School
High Schools Central High School