*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 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 basementboth 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.*
MLS# | 2815414 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1956 |
Days On Site | 12 |
Listing Provided By | Re/Max Renaissance | Carter Roberson |
SQ Feet | 1,716 |
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Units | 2 |
State | TN |
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County | Hamilton County |
City | Chattanooga |
Zip Code | 37415 |
Area | Hamilton County | TN |
Community Name | Sherrill Oakwood |
School District | Red Bank High School |
Elementary School | Red Bank Elementary School |
Middle School | Red Bank Middle School |
High School | Red Bank High School |
Listing VS Median (In Sherrill Oakwood) | |
Price: $357,000 low | high Med: $357,000 SqFt: 1,716 low | high Med: 1,716 $ / SqFt: $208 low | high Med: $208 On site: 12 low | high Med: 12.000000 |