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314 E View Drive, Chattanooga, TN 37404

$800,000
  • 314 E View Drive, Chattanooga, TN 37404 Main Photo

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Active
BEDS0 BATHS SQUARE FEET3,436 MLS#1525049
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONScruggs NEIGHBORHOODEast Ridge

Property Description

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.

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.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air, Ductless, Electric, Multi Units, Varies b
Fuel Type: Electric
Garage: 2
Heating: Central, Ductless, Electric, Varies by Unit
Home Style: Other
Lot Size: 0.40 Acres
Taxes: $2,273
Year Built: 1950

Units

Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Square Footage: 860
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Square Footage: 858
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1.0
Square Footage: 860
Unit Type 4:
Bedrooms: 2
Bathroom(s): 1.0
Square Footage: 858

Feature Descriptions

Appliances: Dishwasher, Electric Range, Electric Water Heater, Free-Standing Refrigerator, Microwave, Washer/Dryer, Water Heater
Days on Site: 84
Exterior: Brick
Flooring: Luxury Vinyl
Interior Amenities: Split Bedrooms, Breakfast Bar, Granite Counters
Laundry: Laundry Closet, In Unit
Lot: Back Yard
Parcel #: 156k L 034
Parking: Off Street
Utilities: Electricity Connected, Sewer Connected, Water Connected
Windows: Insulated Windows, Vinyl Frames

Local Schools

High School: East Ridge High
Middle School: East Ridge Middle
Elementary School: East Ridge Elementary

Listed By / Shown By

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

IDX logo

Source: CARMLS

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Estimated Payment

$ 2,203.20 per month $1,780.45 Principal & Interest $189.42 Property Tax $233.33 Homeowner's Insurance

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