18 W Meadowbrook Dr
|Catylist Listing ID:
|Number of Units:
|Building Size (RSF):
|Gross Building Area:
|Gross Land Area:
16,500 - 17,000 SF
||$53,750 Per Unit
|Property Use Type:
||Cash to Seller, Purchase Money Mortgage
Overview / Comments
This multi-family investment features a 3,248 sq. ft. quadruplex made up of 2 bed/2 bath units located in a bedroom community of Chattanooga. Building is in overall good condition and consists of a layout with 2 units on the first floor and 2 units on the second floor - all of which are identical 812 sq. ft. apartments with hardwood flooring throughout. Units have a lot of small touches that give them a lot of character. Recent improvements include a metal roof in installed in 2016 and also new PTAC window units (heat + air) to each space installed around the same time.
As it becomes increasingly difficult to find available, affordable property in the popular North Chattanooga area, potential residents look elsewhere for an area that can provide the same amenities and conveniences. Red Bank is positioned for success as it is the next desirable residential destination north of Chattanooga and is currently experiencing a renaissance. The current mayor of Red Bank recently updated zoning ordinances and also defined a central business district for the community. The quadruplex is located within this district area and will greatly benefit as this commercial corridor transforms into a walk-able shopping area with locally owned, trendy retail shops and restaurants.
||109I D 014
|Total Number of Buildings:
|Number of Stories:
||In Each Unit
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