UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Pending
Purchase Type For Sale
Square Footage 4,135 sqft
Price per Sqft $93
MLS Listing ID 1531764
Style Other
Bedrooms 4
Full Baths 3
Half Baths 1
Year Built 1940
Lot Size 2.000 Acres
Acres 2.0
Lot Dimensions 283X221
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
Property Description
Opportunity is knocking loud on this one. This 1940s two-story home sits on a spacious 2-acre lot and is ready for a full renovation. With the right vision, this property could be restored to its original charm or reimagined into a high-performing investment.
The main house features original hardwood floors, large bedrooms, a spacious living room, and a formal dining room, along with an enclosed front porch that adds to its vintage appeal. Previously converted into separate living spaces with its own exterior entrance, the layout offers flexibility for multi-unit conversion or multi-generational living.
The real value? Additional income already in place.
The property includes a townhome with 2 units--one currently occupied and generating income, and the other vacant and ready for lease or renovation. The occupied unit was remodeled several years ago, providing a solid starting point for continued cash flow.
With 2 acres of land, multiple structures, and strong upside potential, this is a true value-add opportunity for investors, flippers, or anyone looking to build equity.
Sold AS-IS. Cash or renovation financing recommended.
Bring your contractor, your vision, and a willingness to roll up your sleeves--this one could pay off in a big way.
This house was inherited and the current owners have no knowledge of the home. There is also a townhouse on the property. Be careful as there are unstable floors in the front bedroom in the upper unit. Buyers to do their due diligence.
Location
State TN
County Hamilton
Area 2.0
Rooms
Basement Cellar, Full, Unfinished
Interior
Interior Features Crown Molding
Heating Central, Electric
Cooling Central Air, Multi Units
Flooring Hardwood, Laminate
Fireplaces Number 1
Fireplaces Type Living Room
Fireplace Yes
Appliance Free-Standing Electric Range, Electric Range
Heat Source Central, Electric
Laundry Inside, Main Level
Exterior
Exterior Feature None
Parking Features Driveway, Kitchen Level, Off Street
Garage Description Driveway, Kitchen Level, Off Street
Pool None
Community Features None
Utilities Available Electricity Connected, Water Connected
Porch Front Porch
Garage No
Building
Lot Description Back Yard, City Lot, Corner Lot, Front Yard, Level
Story Two
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Second Residence
Structure Type Stucco
Schools
Elementary Schools Rivermont Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Senior Community No
Tax ID 118i B 023
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Investor
NEARBY SCHOOL & BUSINESS
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Jodi Newell
Realtor | License ID: GA 373648 TN 336487
Realtor License ID: GA 373648 TN 336487