442 Hedgewood Dr
Chattanooga, TN 37405
- 3 beds
- 2 baths
- 1,635 sqft
- 6,970 sqft lot
- $61 per sqft
- 1930 build
- – on site
Investment Opportunity: 442 Hedgewood Drive, Chattanooga, TNDiscover the potential at 442 Hedgewood Drive, nestled in the vibrant and growing area of Red Bank, Chattanooga, TN. This unique property is presented ''as is,'' offering an exceptional opportunity for real estate investors to capitalize on the thriving Chattanooga market. Whether you are looking to renovate the existing structure or envision a complete redevelopment, this property stands as a canvas ready for transformation.Key Features:Prime location in Red Bank, a suburb recognized for its burgeoning real estate market and community-oriented atmosphere.The property offers a versatile foundation for either a comprehensive renovation project or a complete rebuild, catering to the investor's strategy to optimize returns.Proximity to downtown Chattanooga and major transportation routes, enhancing tenant appeal and property value.Situated in a neighborhood with rising property values, suggesting a favorable trend for future investment growth.Investment Highlights:Value-Add Opportunity: With the property being sold ''as is,'' investors have a blank slate to implement a value-add strategy. Whether through modernizing the existing structure or constructing a new development, the potential for significant appreciation and ROI is substantial.Strategic Location: Red Bank's proximity to key attractions and the economic hub of Chattanooga positions this property as an attractive offering for both residential and possibly mixed-use developments, subject to zoning regulationThis property represents a rare opportunity to shape Chattanooga's skyline and community. Whether you're aiming to create a residential haven or explore mixed-use possibilities, 442 Hedgewood Drive offers the foundation for a lucrative investment. Act now to leverage this chance to build your legacy in Chattanooga's promising real estate landscape.
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Last updated Apr 30, 2024
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MLS# 1390771 —
Monthly cost estimate
Asking price
$100,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$535
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| Taxes | $134 |
| Insurance | $27 |
| Utilities | $179 See report |
| Total | $875/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
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).
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).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/29/24
Apr 29, 2024
|
Sold Subject To Contingencies | CHTMLS | $100,000 | |
|
4/24/24
Apr 24, 2024
|
Listed / Active | CHTMLS | $100,000 | -31.5% (-20.1% / YR) |
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9/29/22
Sep 29, 2022
|
CHTMLS | $146,000 | -2.7% |