$363,500
$599,000
39.3%For more information regarding the value of a property, please contact us for a free consultation.
6,969 Sqft Lot
SOLD DATE : 05/20/2021
Key Details
Sold Price $363,500
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Spears
MLS Listing ID 2521545
Sold Date 05/20/21
HOA Y/N No
Annual Tax Amount $799
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 74.0X96.0
Property Description
North Shore Investor Opportunity! This 0.16-acre lot has been approved by the City of Chattanooga for a three-story 6-plex apartment building. Approved plans and architect drawings will convey with the sale of the property. The approved plans include three studio apartment units, as well as three two-bedroom, 2.5 bath townhomes. This lot is zoned for Red Bank Elementary, Middle, and High Schools and is close to North Chattanooga's entertainment attractions, as well as local shopping. Seller is willing to negotiate the sale of the neighboring lot (lot 8) as well , which will include the existing 4-plex apartment building. This building is composed of 4 one-bedroom apartments and is currently fully occupied price is $599k as well total 1.2M for building and lot. Land can be sold separatel
Location
State TN
County Hamilton County
Interior
Fireplace N
Exterior
Waterfront false
View Y/N false
Private Pool false
Building
Lot Description Level, Sloped, Cleared, Other
Schools
Elementary Schools Red Bank Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
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