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Key Details
Sold Price $177,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Square Footage 1,904 sqft
Price per Sqft $92
Subdivision Waterhouse #2
MLS Listing ID 1504087
Sold Date 01/17/25
Year Built 1971
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Duplex
Source Greater Chattanooga REALTORS®
Property Description
Looking for a property with excellent upside potential? This 2/1 duplex is a fixer-upper located in the neighborhood of East Ridge, perfect for an investor ready to take on a project. With moderate repairs, this property could be transformed into a valuable rental or a profitable resale.
East Ridge is quickly becoming one of Chattanooga's most sought-after areas for investment. As development spreads outward from downtown, East Ridge has seen a boost in property values, new commercial ventures, and infrastructure upgrades. The recent renovation of the East Ridge Corridor and the ongoing revitalization of the Ringgold Road area are breathing new life into the neighborhood. This makes the area increasingly attractive to both renters and homebuyers who are looking for more affordable options near the city's heart.
The area's excellent connectivity to I-75 and I-24, combined with its emerging retail and dining options, means East Ridge is poised for long-term growth. This makes it a prime location for an investment property like this duplex.
Location
State TN
County Hamilton
Area 0.22
Interior
Cooling None
Fireplace No
Exterior
Parking Features Driveway, Off Street
Garage Description Driveway, Off Street
Garage No
Building
Faces From I-24E Take exit 185A to merge onto 1-75 S toward Atlanta Take exit 1 for US-41 S Use the right 3 lanes to turn right onto Us-41 N/Ringgold Rd Turn left onto Burns Ave Duplex will be on the right
Sewer Public Sewer
Water Public
Schools
Elementary Schools Spring Creek Elementary
Middle Schools East Ridge Middle
High Schools East Ridge High
Others
Senior Community No
Tax ID 169n F 039
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
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Jodi Newell
Realtor | License ID: GA 373648 TN 336487
Realtor License ID: GA 373648 TN 336487