621 Fortwood PL Chattanooga, TN 37403
4,207 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,207 sqft
Price per Sqft $221
Subdivision Fort Wood
MLS Listing ID 1507504
Originating Board Greater Chattanooga REALTORS®
Year Built 1920
Lot Size 1,742 Sqft
Acres 0.04
Lot Dimensions 50X33
Property Sub-Type Quadruplex
Property Description
Low maintenance after FULL RENOVATION in 2022; everything is less than 3 years old: this meticulous reno included a new roof, 4 new HVACs, 4 new water heaters, 4 brand new kitchens w/ quartz counters & stainless appliances (dishwasher, fridge, stove & microwave in every unit), 4 full gut bathroom renos w/ custom tile & timeless accents, recessed LED lighting & in-unit/on-site laundry. This spectacular property boasts original historic features, flawlessly maintained: exposed brick, beautifully refinished red oak hardwood floors, multiple fireplaces, stained glass windows, bay windows w/ window seats & a covered front porch.
Owners invested in a LED-cured sewer liner to the city connection in 2023, virtually eliminating the risk of plumbing/sewer backups.
The incredibly efficient lot has little-to-no landscaping costs.
$5,640 gross monthly rents (nearly $68,000 annually) to 4 tenants on long term leases on Day 1! Wonderful property management in place comes highly recommended & allows for a seamless transition with tenant relations (inquire with listing agent). EASY
Properties like this never come up for sale in Fort Wood. Do not miss your opportunity to own this income-producing gem right next to a fast-growing UTC campus (4-5% YOY growth) and booming Downtown Chattanooga.
Location
State TN
County Hamilton
Area 0.04
Rooms
Basement Finished, Full
Interior
Interior Features Breakfast Nook, Built-in Features, Chandelier, Double Closets, Entrance Foyer, High Ceilings, Recessed Lighting, Stone Counters, Tub/shower Combo
Heating Central, Electric, Natural Gas, Separate Meters
Cooling Central Air, Electric
Flooring Hardwood, Tile
Fireplaces Number 2
Fireplaces Type Basement, Bedroom
Fireplace Yes
Window Features Bay Window(s)
Appliance Smart Appliance(s), Washer, Stainless Steel Appliance(s), Self Cleaning Oven, Refrigerator, Microwave, Exhaust Fan, ENERGY STAR Qualified Appliances, Electric Water Heater, Electric Range, Electric Oven, Dryer, Disposal, Dishwasher
Heat Source Central, Electric, Natural Gas, Separate Meters
Laundry In Unit, Multiple Locations
Exterior
Exterior Feature Awning(s), Private Entrance
Parking Features On Street
Garage Description On Street
Community Features Historic District, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Water Available
Roof Type Composition
Porch Covered, Front Porch
Garage No
Building
Faces From Downtown Chattanooga, head East on McCallie Ave for 0.8 miles, turn LEFT on Fortwood Place. The property will be on the LEFT in 492 feet, at the corner of Fortwood Place and Clark Street.
Story Three Or More
Sewer Public Sewer
Water Public
Structure Type Brick,Stucco
Schools
Elementary Schools Brown Academy
Middle Schools Orchard Knob Middle
High Schools Howard School Of Academics & Tech
Others
Senior Community No
Tax ID 146a D 021
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional