Fort Wood Residential, Potential Mixed Use, Airbnb/VRBO

Multi-Family for Sale
Catylist Listing ID: 30317157
Property Subtypes: Mixed Use, Student Housing, Other
Number of Units: 1 Units
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 3,920 SF
Sale Price: $420,000
Unit Price: $420,000 Per Unit
Property Use Type: Investment, Business
Usable Size (USF): 3,600 SF
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 4/4/2019

Overview / Comments

This prime real estate is located in the historical Fort Wood downtown Chattanooga. 2 blocks from Erlanger Hospital. 3 blocks from UTC campus. Zoned R-4 for mixed-use potential. Airbnb/VRBO, office, multi-use, executive suites. 8276 sqft lot with 3920 sqft available for potential off-street parking. Over $100,000 spent on renovations. New electrical, insulation, kitchen, hardwood floors on 1st level.
Location is key! This property is perfect for single family, multi-family, professional office, short-term vacation rental.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 146A N 027
Zoning: R-4
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 3
Year Built: 1890
Year Renovated: 2014
Construction/Siding: Wood Shingle
Parking Type: Other
Parking Description: On street parking. Has .09 acre vacant lot that gives this property potential for off-street parking.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Central
Zoning Description: R-4 zoning
Lot Frontage: 84 ft
Lot Depth: 98 ft
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 38 Blk 4 Wiehl & Patten No 2 Pb 1 Pg41 Rev 49-227

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,436 59,439 135,947
Median Age: 30.19 34.14 36.69
Households: 3,697 24,079 56,781


Photograph of Listing Agent

Tyler Rogers

KW Commercial Greater Chattanooga REALTORS® Member
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