UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,100 sqft
Price per Sqft $73
Subdivision Kershners
MLS Listing ID 1541755
Bedrooms 13
Year Built 1930
Lot Size 0.300 Acres
Acres 0.3
Lot Dimensions 50X134
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
Located at 2105 & 2107 Kirby Ave, this unique RN-3 zoned property offers a great opportunity for an investor, developer, or experienced renovator ready to roll up their sleeves and unlock its potential. Originally a single family home, the property was converted and expanded into a quadplex style setup with four separate living spaces, including a rear ADU. The sale includes two lots, giving the next owner even more potential to work with.
A substantial amount of renovation work has already been completed throughout the property, including roofing, flooring, drywall, and more. However, the previous owner completed the conversion, additions, and other work without obtaining the required permits. After discussions with the City of Chattanooga, additional work will be required to bring the property into compliance and restore utilities. The City has indicated that a portion of the addition to the main structure will need to be removed. The future status of the rear ADU will depend on the permitting and approval process.
This is not a turnkey investment. The next owner will need to put in some work and navigate the permitting process, but with two lots, RN-3 zoning, an existing quadplex style configuration, and substantial improvements already completed, there is plenty of potential here for the right buyer.
Property is bank owned and being sold as is. Buyer to independently verify zoning, permitted uses, number of units, square footage, condition, permitting requirements, utility requirements, and all other information deemed important to Buyer. Property includes both 2105 & 2107 Kirby Ave.
Location
State TN
County Hamilton
Area 0.3
Interior
Cooling Multi Units
Fireplace No
Exterior
Parking Features Asphalt, Gated, Gravel, Off Street
Garage Description Asphalt, Gated, Gravel, Off Street
Garage No
Building
Faces Heading south on Bailey turn right at light at light after central ave . Then left on Kirby home is on left.
Sewer Public Sewer
Water Public
Schools
Elementary Schools Orchard Knob Elementary
Middle Schools Orchard Knob Middle
High Schools Howard School Of Academics & Tech
Others
Senior Community No
Tax ID 146n M 022
Acceptable Financing Cash, Conventional, Special Funding
Listing Terms Cash, Conventional, Special Funding
NEARBY SCHOOL & BUSINESS
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Jodi Newell
Realtor License ID: GA 373648 TN 336487
Realtor License ID: GA 373648 TN 336487