$599,000
$599,000
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2,520 SqFt
SOLD DATE : 05/20/2021
Key Details
Sold Price $599,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,520 sqft
Price per Sqft $237
Subdivision Spears
MLS Listing ID 2521537
Sold Date 05/20/21
HOA Y/N No
Year Built 1940
Annual Tax Amount $3,899
Lot Dimensions 74.0X96.0
Property Description
North Shore Investor Opportunity! This building is composed of 4 one-bedroom apartments and is currently fully occupied. This property has a history of generating positive rental revenue. The seller will only sell this property (Lot 8) along with the adjoining lot 7. Seller will not sell lot 8 separately or individually., the 0.16-acre lot has been approved by the City of Chattanooga for a three-story 6-plex apartment building. Approved plans and architect drawings will convey with the sale of the property. The approved plans include three studio apartment units, as well as three two-bedroom, 2.5 bath townhomes. This lot is zoned for Red Bank Elementary, Middle, and High Schools and is close to North Chattanooga's entertainment attractions, as well as local shopping.
Location
State TN
County Hamilton County
Interior
Heating Electric
Cooling Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
Waterfront false
View Y/N false
Roof Type Built-Up
Parking Type Detached
Private Pool false
Building
Story 2
Water Public
Structure Type Stone,Other,Brick
New Construction false
Schools
Elementary Schools Red Bank Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
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