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    600 Tremont St

    Chattanooga, TN 37405
    • $710,000
    • STATUS: Active
    • ON SITE: 60 days
    • MLS #: 1332424
    $710,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,909
      SQFT
    • $244
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1935
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Location, Location, Location! This multi-family property in the desirable North Chattanooga area is located within a five-minute walk to the Northshore and a 10-minute walk to Downtown Chattanooga. Perfect for the investor looking to expand their rental portfolio in a prime location in the booming city of Chattanooga. This building is zoned R3 and is currently renting units as both long term and short-term vacation rentals (''STVR''). The unit mix is 2BD/1BA, 2BD/1.5 BA (STVR), standard 1 BD/1 BA (STVR), small 1BD/1BA and large studio. Q1 of 2021 has seen explosive growth in both occupancy and revenue for both of the units functioning as STVRs. Both STVR's have been recently updated and are extremely popular on Airbnb and completely turn key.All furnishings and appointments in the STVRs are included in the sale price. Two of the three long term rental units have recently been remodeled and are ready to be awesome short-term rentals if that is the direction the new owner wants to go. The one unit that has not been remodeled has had a long-term tenant that predated the current owners' acquisition of the property. The list of updates is too extensive to list.

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    © 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Mark Hite Team | Real Estate Partners Chattanooga LLC does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Mark Hite Team | Real Estate Partners Chattanooga LLC. This site was last updated on 2021-05-12T00:08:42.093.
    www.markhitehomes.com/homes/115044539
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    600 Tremont St Chattanooga, TN 37405

    • Price: $710,000
    • Status: Active
    • MLS #: 1332424
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    2,909
    SQFT
    $244
    $/SQFT
    1935
    Built
    Neighborhood:
    North Side Land Co
    County:
    Hamilton
    Area:
    Chattanooga
    Elementary School:
    Normal Park Elementary
    Middle School:
    Normal Park Upper
    High School:
    Red Bank High School
    Property Description
    Location, Location, Location! This multi-family property in the desirable North Chattanooga area is located within a five-minute walk to the Northshore and a 10-minute walk to Downtown Chattanooga. Perfect for the investor looking to expand their rental portfolio in a prime location in the booming city of Chattanooga. This building is zoned R3 and is currently renting units as both long term and short-term vacation rentals (''STVR''). The unit mix is 2BD/1BA, 2BD/1.5 BA (STVR), standard 1 BD/1 BA (STVR), small 1BD/1BA and large studio. Q1 of 2021 has seen explosive growth in both occupancy and revenue for both of the units functioning as STVRs. Both STVR's have been recently updated and are extremely popular on Airbnb and completely turn key.All furnishings and appointments in the STVRs are included in the sale price. Two of the three long term rental units have recently been remodeled and are ready to be awesome short-term rentals if that is the direction the new owner wants to go. The one unit that has not been remodeled has had a long-term tenant that predated the current owners' acquisition of the property. The list of updates is too extensive to list.
    Exterior Features

    Exterior SidingStone Garage Parking Off Street Parking Lot Description Sloping Lot Size Dimensions 50X145M Roof Shingle

    Interior Features

    Basement Unfinished Cooling Window/Wall Unit Description 3 Levels Or More Heating Baseboard/WallRadiant Unit Four Bedrooms 1 Unit Four Features Eat-In Kitchen Unit Four Full Baths 1 Unit One Bedrooms 2 Unit One Features 1 Bedroom2 BedroomsDining/Living Combo Unit One Full Baths 1 Unit Three Bedrooms 1 Unit Three Features 1 Bath1 BedroomEat-In KitchenFurnished Unit Three Full Baths 1 Unit Two Bedrooms 2 Unit Two Features 1.5 Baths2 BedroomsDining/Living ComboEat-In KitchenFurnished Unit Two Full Baths 1 Unit Two Half Baths 1

    Property Features

    Community Features None Existing Financing None Financing CashConventional Gross Monthly Rent 3948.00 Home Warranty No Owner Pays ElectricSewerWater Possession Day Of Closing Property Sub Type Apartment Taxes 3936.95 Tenant Pays Electric Type Of Sale Investor Unit Four Unit Number 4 Unit One Unit Number 1 Unit Three Unit Number 3 Unit Two Unit Number 2 Water Sewer On SewerPublic Water

    Listing information © 2021 The Multiple Listing Service of Chattanooga, Inc.
    Listing courtesy of Keller Williams Realty.



    © 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Mark Hite Team | Real Estate Partners Chattanooga LLC does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Mark Hite Team | Real Estate Partners Chattanooga LLC. This site was last updated on 2021-05-12T00:08:42.093.
     
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    The Mark Hite Team | Real Estate Partners Chattanooga LLC
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    Chattanooga TN, 37402
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