Rebuilt quadplex with expansion potential. 314 E View Drive is a four-unit multifamily property that has been comprehensively rebuilt from the studs, incorporating modern finishes with updated structural systems. Each unit includes granite countertops, new appliances, luxury vinyl plank flooring, and in-unit washer/dryers. Electric and water utilities are seperately metered to streamline operations. The building is equipped with a full fire sprinkler system and hydrant further reduce long-term risk.Investment Highlights:Offered vacant, allowing buyer-controlled lease-up and rent establishmentUnit mix consists of three 2-bedroom units and one 1-bedroom unitSeparate utilities simplify operations and expense allocationRebuilt systems and finishes reduce near-term capital requirementsOversized lot with R-3 zoning provides potential for future development or accessory income (buyer to verify)Financial Positioning:Pro forma financials reflect a stabilized income profile consistent with comparable rebuilt small multifamily assets. Vacant delivery allows a buyer to implement a controlled lease-up strategy without legacy tenant considerations. Pro forma financials available upon request.Buyer to independently verify all financial, operating, zoning, and development assumptions.
Listed By
Agency Name: Real Estate Partners Chattanooga LLC
Agency Phone: 423-265-0088
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Estimated Payment
$ 2,203.20 per month $1,780.45 Principal & Interest $189.42 Property Tax $233.33 Homeowner's InsuranceCrye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 3,200+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
314 E View Drive | MLS# 1525049
This multi-family property located at 314 E View Drive, Chattanooga, TN 37404 is currently listed for sale with an asking price of $800,000. Search East Ridge real estate on www.crye-leike.com today.