3,436 SqFt
3,436 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,436 sqft
Price per Sqft $232
Subdivision Scruggs
MLS Listing ID 1525049
Style Other
Year Built 1950
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
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 establishment
Unit mix consists of three 2-bedroom units and one 1-bedroom unit
Separate utilities simplify operations and expense allocation
Rebuilt systems and finishes reduce near-term capital requirements
Oversized 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.
Location
State TN
County Hamilton
Area 0.4
Interior
Interior Features Breakfast Bar, Granite Counters, Split Bedrooms
Heating Central, Ductless, Electric
Cooling Central Air, Ductless, Electric, Multi Units, Varies by Unit
Flooring Luxury Vinyl
Inclusions All appliances including refrigerators and washer/dryers.
Fireplace No
Window Features Insulated Windows,Vinyl Frames
Appliance Water Heater, Washer/Dryer, Microwave, Free-Standing Refrigerator, Electric Water Heater, Electric Range, Dishwasher
Heat Source Central, Ductless, Electric
Laundry In Unit, Laundry Closet
Exterior
Parking Features Off Street
Garage Spaces 2.0
Garage Description Off Street
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Total Parking Spaces 2
Garage Yes
Building
Lot Description Back Yard
Faces From I-24 East, take exit 181A onto 41 South to East Ridge, take 41 to Ringgold Rd through the tunnel, Turn Left on S Seminole Dr and an immediate Left onto Old Ringgold Rd. Sharp Right on E View Dr. Property will be on the Right. From I-24 W, take the Belvoir Ave exit onto North Terrace. Turn Left on Germantown Rd. Right on Ringgold Rd. Right on Seminole Dr and an immediate Left onto Old Ringgold Rd. Sharp Right onto E View Dr. Property will be on Right.
Foundation Pillar/Post/Pier, Slab
Sewer Public Sewer
Water Public
Architectural Style Other
Additional Building Garage(s)
Structure Type Brick
Schools
Elementary Schools East Ridge Elementary
Middle Schools East Ridge Middle
High Schools East Ridge High
Others
Senior Community No
Tax ID 156k L 034
Security Features Fire Alarm,Fire Sprinkler System,Firewall(s),Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Investor
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