*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… Read More 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 basement—both 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.* Read Less
Courtesy of Re/Max Renaissance.
Listing Snapshot
Days Online
40
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,716
Lot Size
0.67 Acres
Year Built
1956
MLS Number
RTC2815282
30 Days Snapshot Of 37415
$704k
+79%
(avg) sold price
6
-14%
homes sold
152
+126%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Area: 1716, Building Area: 1716, Construction Materials: "Vinyl Siding", Levels: "Three Or More", Year Built: 1956, Year Built Details: EXIST
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Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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