2,953 SqFt
2,953 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,953 sqft
Price per Sqft $186
Subdivision North Chatt Map No 1
MLS Listing ID 3531750
HOA Y/N No
Year Built 1920
Annual Tax Amount $6,748
Lot Dimensions 88X116
Property Description
Location, character, and income come together in this iconic historic triplex located at the corner of Tremont Street and Mississippi Avenue. Previously producing $3,750/month ($45,000 annually), this property offers three updated rental units and an excellent opportunity for an investor or owner occupant to live in one unit while renting the other two.
Originally a neighborhood general store, the property has been thoughtfully converted into three unique units. Unit A: 1BR/1BA with stackable W/D and covered front porch, previously rented for $1,100/month and now vacant. Unit B: 2BR/2BA with impressive 14' ceilings, two loft storage areas and stackable W/D, currently rented for $1,500/month. Unit C: 1BR/1BA with W/D hookups, private rear deck and firepit area, currently rented for $1,150/month.
Major systems have been updated by the seller, and the TPO roof has plenty of life remaining. Additional features include private rear parking accessed from Boylston Street, ample curbside parking, detached garage, and abundant dry basement storage.
Just one block from Normal Park Elementary and Aretha Frankenstein, and within walking distance of Coolidge Park, the Tennessee River, restaurants, shops, bars, and Downtown Chattanooga. A rare opportunity to own a stabilized income-producing property in one of Chattanooga's most desirable neighborhoods.
DO NOT DISTURB TENANTS. Only the vacant unit may be shown. Tenant-occupied units may be inspected after an accepted contract.
Inquire for additional interior photos for tenant occupied Unit B & C available.
Location
State TN
County Hamilton County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Aluminum Siding,Other
New Construction false
Schools
Elementary Schools Normal Park Museum Magnet School
Middle Schools Normal Park Museum Magnet School
High Schools Red Bank High School
Others
Senior Community false
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