507 Mountain Ridge Rd

    Chattanooga, TN 37405
    • $140,000
    • STATUS: Active Under Contract
    • ON SITE: 529 days
    • MLS #: 1261846
    Under Contract
    UPDATED: 42 min ago
    $140,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,232
      SQFT
    • $63
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1975
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.

    Monthly Payment Calculator



    © 2018 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Robinson Team KW Downtown. Each KW office is independently owned & operated does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Robinson Team KW Downtown. Each KW office is independently owned & operated. This site was last updated on 2018-09-18T17:09:16.97.
    www.robinsonteam.com/homes/71390348

    507 Mountain Ridge Rd Chattanooga, TN 37405

    • Price: $140,000
    • Status: Active Under Contract
    • Updated: 42 min ago
    • MLS #: 1261846
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    2,232
    SQFT
    $63
    $/SQFT
    1975
    Built
    Neighborhood:
    Mountain Ridge
    County:
    Hamilton
    Area:
    Chattanooga
    Elementary School:
    Red Bank Elementary
    Middle School:
    Red Bank Middle
    High School:
    Red Bank High School
    Property Description
    Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.
    Exterior Features

    Exterior All Cement Block FoundationBrick Over FoundationSiding Garage Parking Off Street Parking Lot Description Cul-De-SacGradual Sloping Lot Size Dimensions 108X161.62 Roof Shingle

    Interior Features

    Basement Crawl Space Cooling CentralElectric Description 2 Level Heating CentralElectric Unit One Bedrooms 2 Unit One Features 1.5 Baths2 BedroomsDeck/PatioEat-In KitchenFireplaceKitchenLaundry HookupLiving RoomOven/RangeRefrigerator Unit One Full Baths 1 Unit One Half Baths 1 Unit Two Bedrooms 2 Unit Two Features 1.5 Baths2 BedroomsDeck/PatioEat-In KitchenKitchenLaundry HookupLiving RoomOven/RangeRefrigerator Unit Two Full Baths 1 Unit Two Half Baths 1

    Property Features

    Community Features None Existing Financing None Financing CashConventional Gross Monthly Rent 1300.00 Home Warranty No Owner Pays None Possession Negotiable Property Sub Type Duplex Taxes 1931.87 Tenant Pays All Type Of Sale Investor Unit One Unit Number 505 Unit Two Unit Number 507 Water Sewer Septic TankSewer Available

    Listing courtesy of Real Estate Partners Chattanooga, Llc. Listing information © 2018 The Multiple Listing Service of Chattanooga, Inc.


    © 2018 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Robinson Team KW Downtown. Each KW office is independently owned & operated does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Robinson Team KW Downtown. Each KW office is independently owned & operated. This site was last updated on 2018-09-18T17:09:16.97.
     
    The Robinson Team KW Downtown. Each KW office is independently owned & operated
    202 Manufacturers Rd.
    Chattanooga TN, 37405