Description
*Two Homes on One Lot in the Heart of Red Bank* Investor Opportunity - Please Do Not Disturb Tenants Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house). The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basementboth homes with solid foundations and great bones. Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal. Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential. With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank. Don't miss out on this exceptional investment opportunity. *Information is deemed reliable but buyer is responsible for due diligence.*
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3BEDS
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0.67ACRES
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2BATHS
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01/2 BATHS
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1,716SQFT
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$208$/SQFT
School Information
Description
*Two Homes on One Lot in the Heart of Red Bank* Investor Opportunity - Please Do Not Disturb Tenants Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house). The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basementboth homes with solid foundations and great bones. Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal. Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential. With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank. Don't miss out on this exceptional investment opportunity. *Information is deemed reliable but buyer is responsible for due diligence.*
203 Flora Circle Chattanooga, TN 37415
Property Description
Architectural Style [] Attached Garage YN Yes Carport YN No Construction Materials Vinyl Siding Exterior Features Private Yard Fencing [] Foundation Details Brick/Mortar Garage YN Yes Lot Features [] Other Structures [] Parking Features DrivewayGarage Patio And Porch Features [] Pool Features [] Roof [] Structure Type [] View [] View YN Yes Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances [] Basement [] Basement YN Yes Building Area Total 1716 Cooling Window Unit(s) Cooling YN Yes Fireplace Features [] Fireplace YN Yes Flooring [] Heating [] Interior Features [] Laundry Features [] Levels [] Window Features []
Additional Parcels YN No Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Grazing Permits BLMYN No Grazing Permits Private YN No Green Energy Efficient [] Green Energy Generation [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventional New Construction YN No Other Equipment [] Property Sub Type Single Family Residence Security Features [] Senior Community YN No Sewer Septic Tank Special Listing Conditions [] Tax Annual Amount 1968.5 Utilities Electricity ConnectedSewer AvailableWater Connected Utilities Sewer Available Yes Water Source Public
Listing information © 2025 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of RE/MAX Renaissance Realtors: 423-756-5700.
