314 E View Drive, Chattanooga, TN 37404
- $685,000
- 7
- BD
- 4
- BA
- 3,436
- SqFt
- List Price
- $685,000
- Status
- PENDING
- MLS#
- 1542313
- Subtype
- Residential Income
- Style
- Other
- Year Built
- 1950
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 3,436
- Lot Size
- 17,424
- Acres
- 0.40
- Subdivision
- Scruggs
Property Description
Turnkey investment opportunity: a fully rebuilt, four-unit multifamily property offering immediate cash flow potential with none of the near-term capital expense risk of older stock. Every unit was renovated down to the studs, combining modern finishes with updated structural and mechanical systems throughout. Each residence features granite countertops, new appliances, luxury vinyl plank flooring, and an in-unit washer and dryer -- the kind of finish level that supports strong rents and low turnover. Electric and water utilities are separately metered for simplified expense allocation, and the property includes a full fire sprinkler system and fire hydrant for reduced long-term risk. Delivered vacant, this property gives an investor full control over tenant selection, lease terms, and rental rates from day one -- ideal for setting rents at true market rate rather than inheriting legacy leases. The unit mix includes three two-bedroom residences and one one-bedroom, and the oversized, R-3-zoned lot may offer additional development or accessory-income potential, subject to buyer verification. A rare chance to acquire renovated, income-ready multifamily in Chattanooga with upside built in.
Additional Information
- Interior Features
- Split Bedrooms, Breakfast Bar, Granite Counters
- Taxes
- $5,771
- Property Description
- Other
- Appliances
- Dishwasher, Electric Range, Electric Water Heater, Free-Standing Refrigerator, Microwave, Washer/Dryer, Water Heater
- Heating
- Central, Ductless, Electric, Varies by Unit
- Air Conditioning
- Central Air, Ductless, Electric, Multi Units, Varies by Unit
- Exterior Features
- Brick
- Roof
- Asphalt, Shingle
- Foundation
- Pillar/Post/Pier, Slab
- Parking Features
- Driveway, Off Street
- Garage Spaces
- 2
- Elementary School
- East Ridge Elementary
- Middle School
- East Ridge Middle
- High School
- East Ridge High
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Listing courtesy of Real Estate Partners Chattanooga LLC.