111 County Road 737 Calhoun, TN 37309
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,560 sqft
Price per Sqft $92
MLS Listing ID 1545003
Bedrooms 4
Full Baths 2
Year Built 1980
Lot Size 1.500 Acres
Acres 1.5
Lot Dimensions see image or survey
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
Property Description
Excellent rental investment opportunity for someone local to Calhoun, TN!
$1,400/month has been the rent revenue for the past year.
RENT TERMS
Willing to rent for $1,400/mo, or a bit less if renter is willing to handle upkeep.
RENT TO OWN TERMS
1-2 year term with 8-10k down (fully refunded upon purchase) and 1200/mo payments (half of each refunded upon purchase of property) w 145k sale price.
OWNER FINANCING TERMS
15 year term w 15k down, 8.5% APR, and 145k sale price.
Located off Bowater Rd in Calhoun, TN.
1.5 acre lot (surveyed recently)
New HVAC in 2018 w New Compressor in 2024
New Floors installed 2023 (one bathroom still needs some attention)
$15,000 of repairs and updates completed in 2025
Full disclosure: This is a non-typical construction. I have personally never seen one quite like this before. What appears to be a mobile home unit is included in the structure of this house, but it does not appear to ever have been titled or registered. IBTS has no records of any HUD tags, serial numbers, or other identifying information related to this unit or this property, and no identifiers are stamped into the i beams below the house. So, it appears the unit was never titled at all and was simply used as part of the building materials at this location. This structure has passed inspection from 2 separate structural engineers in recent years and I had a survey done to confirm the 1.5 acres lot last year. The title company that completed the title work for the cash out refi loan I got about 5 years ago (Title Insurance Company in Dayton, TN) confirmed there is no record of a mobile home being on this property, and so they are fine closing this property again as they already insure the title with my lender and already have the file.
Contact your Realtor to schedule a viewing today.
Location
State TN
County Mcminn
Area 1.5
Interior
Heating Central
Cooling Central Air
Fireplace No
Heat Source Central
Exterior
Exterior Feature None
Parking Features Gravel, Off Street
Garage Description Gravel, Off Street
Utilities Available Electricity Connected, Water Connected
Garage No
Building
Foundation Combination
Sewer Septic Tank
Water Public
Structure Type Block,Vinyl Siding
Schools
Elementary Schools Calhoun Elementary
Middle Schools Calhoun Middle
High Schools Calhoun High
Others
Senior Community No
Tax ID 122 00800 000
Acceptable Financing Cash, Conventional, Lease Option, Lease Purchase, Owner May Carry
Listing Terms Cash, Conventional, Lease Option, Lease Purchase, Owner May Carry
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