203 Flora CIR Active Save Request In-Person Tour Request Virtual Tour
Chattanooga,TN 37415
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,716 sqft
Price per Sqft $208
Subdivision Sherrill Oakwood
MLS Listing ID 1510659
Bedrooms 3
Full Baths 2
Year Built 1956
Lot Size 0.670 Acres
Property Sub-Type Single Family Residence
Property Description
*Two Homes on One Lot in the Heart of Red Bank*
Investor Opportunity - Please Do Not Disturb Tenants
Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house).
The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones.
Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal.
Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential.
With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank.
Don't miss out on this exceptional investment opportunity.
*Information is deemed reliable but buyer is responsible for due diligence.*
Location
State TN
County Hamilton
Area 0.67
Interior
Cooling Window Unit(s)
Exterior
Exterior Feature Private Yard
Parking Features Driveway,Garage
Garage Spaces 1.0
Garage Description Attached, Driveway, Garage
Utilities Available Electricity Connected,Sewer Available,Water Connected
Building
Foundation Brick/Mortar
Sewer Septic Tank
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Red Bank Elementary
Middle Schools Red Bank Middle
High Schools Red Bank High School
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional