$500,000
$539,900
7.4%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
750 SqFt
SOLD DATE : 02/22/2022
Key Details
Sold Price $500,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 750 sqft
Price per Sqft $666
Subdivision North Chatt Land Co
MLS Listing ID 2720674
Sold Date 02/22/22
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1940
Annual Tax Amount $876
Lot Size 8,276 Sqft
Acres 0.19
Lot Dimensions 79X100
Property Description
Package deal in North Chattanooga that serves as an incredible redevelopment or investment opportunity! 16 W Bell Ave & 22 W Bell Ave are two adjacent parcels being sold together for a package price of $539,900; together they sit on approximately 0.37 acres just one block from N Market St. Currently the parcels are home to two rental properties, and the gravel lot in-between is being rented for extra parking. Total GMI for these three rental sources is $2,600. The parcels offer much flexibility in terms of desired use; they could remain as rental properties, be replaced by larger single family homes, or become a site for new townhomes. Situated within walking or biking distance of an abundance of grocery stores, restaurants, local shops, and parks, and just a short drive to US-27 access and downtown Chattanooga. Since the properties are tenant occupied, an accepted letter of intent or contract will need to be in place before showings can be scheduled. Call for more information.
Location
State TN
County Hamilton County
Rooms
Main Level Bedrooms 2
Interior
Interior Features Open Floorplan
Heating Central, Electric
Cooling Central Air, Electric
Fireplace N
Appliance Refrigerator, Dishwasher
Exterior
Utilities Available Electricity Available, Water Available
Waterfront false
View Y/N false
Roof Type Metal
Private Pool false
Building
Lot Description Level, Other
Story 1
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Red Bank Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
Others
Senior Community false
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