4831 Bonny Lake Lane
Chattanooga, TN 37416
- – beds
- – baths
- 1,787 sqft
- 13,503 sqft lot
- $139 per sqft
- 1966 build
- – on site
This brick duplex offers strong potential for increased cash flow with strategic updates. Located along Jersey Pike near Bonny Oaks, just 4 miles from Volkswagen and Amazon, this property is ideally positioned for rental demand. Each unit features 2 bedrooms and 1 bathroom with a level front and back yard. One unit is currently tenant-occupied at $932/month with a long-term lease in place. With HUD Fair Market Rent in 37416 at $1,420 per unit, there's potential for a Gross Monthly Rent of $2,840 once both units are optimized. To unlock full rental potential, the interiors need cosmetic updates—flooring, paint, appliances—as well as some exterior improvements to boost curb appeal and property value. We have added some virtual renderings to show the potential. Whether you're looking to renovate and hold or add to your portfolio with upside potential, this duplex is ready for its next chapter. The vacant unit can be shown and tenant occupied unit may only be shown after an accepted offer. Please do not disturb tenants.
Last checked:
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Last updated Apr 8, 2025
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MLS# 1510597 —
The Building
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Year Built:1966
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New Construction:false
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Builder Name:None
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Structure Type:Duplex
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Construction Materials:Brick
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Levels:One
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Stories:1
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Stories Total:None
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Roof:Shingle
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Basement:false
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Foundation Details:Slab
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Exterior Features:None
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Window Features:Aluminum Frames
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Patio And Porch Features:Patio
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Building Area Total:1787.0
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Above Grade Finished Area:1787.0
Interior
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Furnished:None
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Flooring:Carpet, Tile
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Fireplace:false
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Laundry Features:Laundry Room
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Zoning Description:None
Room Dimensions
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Living Area:1787.0
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Living Area Units:None
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Living Area Source:Tax Records
Location
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Directions:From 153 Take Bonny Oaks, Left on Jersey Pike, Left on Bonny Lake Ln, property will be on the right.
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Latitude:35.077766
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Longitude:-85.188716
The Property
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Parcel Number:129j G 032
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Property Type:Residential Income
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Property Subtype:Duplex
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Property Condition:Fixer
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Direction Faces:None
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Possible Use:None
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Other Structures:None
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Other Equipment:None
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Lot Features:Back Yard, Front Yard, Level
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Lot Size Acres:0.31
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Lot Size Area:0.31
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Lot Size Dimensions:87.5X150
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Lot Size SqFt:13503.6
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Lot Size Units:Acres
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Lot Size Source:None
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Zoning:None
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Topography:None
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Fencing:None
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View:false
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Pool Private:No
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Waterfront:false
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Road Frontage Type:City Street
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Road Surface Type:Asphalt
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Road Responsibility:Public Maintained Road
Listing Agent
- Contact info:
- Agent phone:
- (423) 529-0696
- Office phone:
- (844) 591-7325
Taxes
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Tax Legal Description:LT 2 REV MC ARTHURS ADDN TO LAKE HI LLS PB23 PG84
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Tax Annual Amount:2423.14
Baths
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Air, Electric
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Cooling:true
Utilities
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Utilities:Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
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Water Source:Public
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Sewer:Public Sewer
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Electric:None
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Green Energy Generation:None
Appliances
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Appliances:None
Schools
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Elementary School:Harrison Elementary
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Elementary School District:None
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Middle Or Junior School:Brown Middle
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Middle Or Junior School District:None
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High School:Central High School
The Community
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Subdivision Name:None
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Senior Community:false
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Community Features:None
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
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Pets Allowed:Yes
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Pool Features:None
Parking
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Attached Garage:false
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
4/7/25
Apr 7, 2025
|
Listed / Active | CHTMLS | $250,000 |