Short Term Water Front Rental Home for Sale

Special Purpose for Sale
Catylist Listing ID: 30315469
Building Size (RSF): 3,807 SF
Gross Land Area: 12,688 SF
Sale Price: $695,000
Property Use Type: Investment
Usable Size (USF): 3,807 SF
Sale Terms: Cash to Seller
Last Updated: 7/27/2018

Overview / Comments

Beautiful home and scenery. Property is listed both for Residential Sale or Commercial Rental. This is a 5 Bedroom, 4 Bath home of 3,807 square feet. It is lake living at it’s finest. Located in the heart of Sale Creek, this lake home offers beautiful main Tennessee River views of the river with private covered dock, multiple decks, over-sized patio and screened porches. Upon entry enjoy an open concept with living and dining space. An updated contemporary kitchen is provided. This home is sold with existing furniture and fixtures. Owner wishes to retain personal items.
Bassmaster has named Chickamauga Lake No. 2 in the nation.
The lot across the street is also included with your purchase. The address is 16108 Lakewood Drive. It is measured to be .75 Acre.
The property is being leased through AIRBNB AND VRBO with a very good Net Operating Income Rate. It has a very good repeat business due to the location and size. It also would make a beautiful home for a family.

Financials

Finance Data Year 2017
Real Estate Taxes - Annual($) $2,881 (Annual)
Tax Value Land $120,000
Tax Value Improvements $296,800
Assessed Value - Total($) $416,800 (Annual)

Current Tenants

Tenant Business Name VRBO & AIRB&B
Contact Name Various

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 016O B 014
Zoning: R2
Property Located Between: Neighbors
Property Visibility: Excellent
Largest Nearby Street: US 27 and Daugherty Rd
Feet of Frontage: 104
Highway Access: From the intersection of TN-153 N and US-27 N, go North on US 27 N for app. 16.4 miles to Daugherty Ferry Rd. Turn Right and drive for 5.3 miles to Lakewood Dr. Turn right and drive for .6 miles to the home which is on the left.
Airports: CHA
Site Description: Lake Front
Area Description: Lake Front
Total Number of Buildings: 1
Number of Stories: 3
Property Condition: Good
Year Built: 2004
Year Renovated: 2016
Parking Type: Surface
Parking Description: Driveway
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Gigabit
Zoning Description: R 2
Lot Frontage: 104
Lot Depth: 144
Water Service: Municipal
Sewer Type: Septic
Land Ownership: Fee Simple
Legal Description: LOT PT 16 LAKEWOOD PLAN NO 2 PB 20 PG 3 REV PB47 PG313

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 2,914 9,498
Median Age: 45.33 41.83
Households: 1,140 3,681

Contact

Photograph of Listing Agent

Max Finkle

The Group Real Estate Brokerag Greater Chattanooga REALTORS® Member
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