523 Mountain Ridge Rd Chattanooga, TN 37405

$150,000
523 Mountain Ridge Rd, Chattanooga, TN 37405
Call 1-800-839-1363
1261873

Multi-Family Home for sale in Chattanooga, TN

for $150,000. This 2,007 square foot home was built in 1975 on a lot size of 341.22x205.

Property Information

  • $150,000
  • Multi-Family
  • 2,007 Square Feet
  • Taxes are $2,202
  • Duplex
  • Active
  • Lot size of 341.22x205
  • Built in 1975
  • Chattanooga, TN
  • Red Bank Neighborhood
  • Hamilton County
  • MLS/Web ID is 1261873

 Virtual Tour

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.

Interior 5

Basement

  • Crawl Space

Cooling System

  • Central Air
  • Electric Cooling

Heating Source

  • Electric

Heating System

  • Central Heat

Sewer

  • Septic Tank
  • Sewer

Exterior 5

Construction

  • Block
  • Brick/Stone

Lot Description

  • Cul de Sac
  • Sloping

Parking

  • Off Street Parking

Roof

  • Shingle Roof

Siding

  • Brick
  • Siding

Miscellaneous 1

Acceptable Finance

  • Cash
  • Conventional

Rental 1

Tenant Pays

  • All Utilities

† Excluded Feature

Neighborhood & Schools

Elementary School: Red Bank Elementary
Middle School: Red Bank Middle
High School: Red Bank High School

Listed By

Broker: REAL ESTATE PARTNERS CHATTANOOGA, LLC

523 Mountain Ridge Rd, Chattanooga, TN, 37405 is a Multi-Family Home for sale at $150,000 with 2,007 sqft and a lot size of 341.22x205. 523 Mountain Ridge Rd has 0.0 baths and was built in 1975. The property's zip code is 37405 which is in Chattanooga, TN

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Pricing History

Date Price Price Change Description
5/13/2017 $150,000 -66.67 % Price Change
4/7/2017 $450,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Chattanooga $325,929 117 % above $219,950 47 % above
Multi-family listings in Chattanooga $189,085 26 % above $135,000 10 % below

Get the facts about Chattanooga, TN!

Population 181,268
Population Growth (since 2000) 13 %
Median Income $40,945
Median Age 37.91
Households w/ Children 24 %

Residential Dwellings

  • Owned 41978
  • Vacant 8784
  • Rented 34804

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