3332 Roadrunner Tr
Chattanooga, TN 37407
- – beds
- – baths
- 8,336 sqft
- ~2 acre lot
- $155 per sqft
- 1973 build
- – on site
Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality.The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as a successful mid-term rental over the past year, averaging $1,500 per month in revenue. Long-term rental rates vary between $940 and $1,300 per month.Located conveniently close to downtown and all three major hospitals, the property is perfectly positioned to cater to the needs of traveling medical professionals seeking mid-term rental options. Nestled at the end of a quiet dead-end street, it offers tenants a peaceful living environment with minimal traffic noise and picturesque views of downtown. This complex not only promises the potential for rental rate increases but also minimal maintenance requirements for the foreseeable future, marking it as a steadfast investment opportunity.An available short-term rental unit is open for preview. Interested parties are encouraged to contact us for a private showing and to explore the unique prospects this property offers.
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Last updated May 2, 2024
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MLS# 1388864 —
Walk Score®
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Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/24/24
Mar 24, 2024
|
Listed / Active | REALTRACS | ||
|
3/21/24
Mar 21, 2024
|
Listed / Active | CHTMLS | $1,325,000 |