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3332 Roadrunner Tr

Chattanooga, TN 37407
  • $1,325,000
  • STATUS: Active
  • ON SITE: 30 Days
  • MLS #: 1388864
$1,325,000
  • 0
    BEDS
  • 2.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,336
    SQFT
  • $159
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Information

Description

Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality.The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as a successful mid-term rental over the past year, averaging $1,500 per month in revenue. Long-term rental rates vary between $940 and $1,300 per month.Located conveniently close to downtown and all three major hospitals, the property is perfectly positioned to cater to the needs of traveling medical professionals seeking mid-term rental options. Nestled at the end of a quiet dead-end street, it offers tenants a peaceful living environment with minimal traffic noise and picturesque views of downtown. This complex not only promises the potential for rental rate increases but also minimal maintenance requirements for the foreseeable future, marking it as a steadfast investment opportunity.An available short-term rental unit is open for preview. Interested parties are encouraged to contact us for a private showing and to explore the unique prospects this property offers.

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www.chattanoogahomestn.com/homes/148795380
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3332 Roadrunner Tr Chattanooga, TN 37407

  • Price: $1,325,000
  • Status: Active
  • On Site: 30 Days
  • MLS #: 1388864
0
Beds
0
Baths
0
½ Baths
2.19
Acres
8,336
SQFT
$159
$/SQFT
1973
Built
Neighborhood:
None
County:
Hamilton
Area:
Chattanooga
Elementary School:
East Lake Elementary
Middle School:
East Lake Academy Of Fine Arts
High School:
Howard School Of Academics & Tech
Property Description
Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality.The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as a successful mid-term rental over the past year, averaging $1,500 per month in revenue. Long-term rental rates vary between $940 and $1,300 per month.Located conveniently close to downtown and all three major hospitals, the property is perfectly positioned to cater to the needs of traveling medical professionals seeking mid-term rental options. Nestled at the end of a quiet dead-end street, it offers tenants a peaceful living environment with minimal traffic noise and picturesque views of downtown. This complex not only promises the potential for rental rate increases but also minimal maintenance requirements for the foreseeable future, marking it as a steadfast investment opportunity.An available short-term rental unit is open for preview. Interested parties are encouraged to contact us for a private showing and to explore the unique prospects this property offers.
Exterior Features

Exterior Siding Garage Parking Off Street Parking Lot Description Cul-De-SacExtra Lot AvailableMineral RightsScenic ViewSlopingSpecial Drainage Lot Size Dimensions 541.75x176.09 Roof MetalShingle

Interior Features

Basement Slab Cooling CentralElectric Description 2 Level Heating CentralElectric Unit Four Features + Half Bath1 BathDining/Living ComboKitchenLaundry HookupLiving RoomMicrowaveOven/RangeRefrigerator Unit One Features + Half Bath1 BathDining/Living ComboKitchenLaundry HookupLiving RoomLuxury Vinyl PlanksMicrowaveOven/RangeRefrigerator Unit Three Features + Half Bath1 BathDining/Living ComboKitchenLaundry HookupLiving RoomLuxury Vinyl PlanksMicrowaveOven/RangeRefrigerator Unit Two Features + Half Bath1 BathDining/Living ComboKitchenLaundry HookupLuxury Vinyl PlanksMicrowaveOven/RangeRefrigerator

Property Features

Community Features Private YardTV Cable Available Existing Financing Conventional Financing CashConventional Gross Monthly Rent 8165.00 Home Warranty No Owner Pays None Possession Day of Closing Property Sub Type Duplex Senior Community YN No Taxes 6011.62 Tenant Pays All UtilitiesElectricSewerWater Type Of Sale Investor Unit Four Unit Number 3340 Unit One Unit Number 3332 Unit Three Unit Number 3338 Unit Two Unit Number 3334 Water Sewer On SewerPublic Water

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Listing information © 2024 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Chattanooga Real Estate Group LLC: (423) 226-2726.



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TN Valley Girls | Keller Williams Realty
7158 Lee Hwy
Chattanooga TN, 37421