18 West Meadowbrook Drive, Chattanooga, TN 37415

Commercial property for lease

• Description
• This multi-family investment features a 3,248 sq. ft. quadruplex made up of 2 bed/2 bath units located in a bedroom community of Chattanooga. Building is in overall good condition and consists of a layout with 2 units on the first floor and 2 units on the second floor - all of which are identical 812 sq. ft. apartments with hardwood flooring throughout. Seller's recent improvements include installing a new metal roof in 2016 and also new PTAC window units (heat + air) to each space. Each unit currently rents for $500/month with great potential for increased income as the community evolves. Current owner is in the process of acquiring a new tenant for a recently vacated apartment - that once rented will put the quadruplex back again at full occupancy. As it becomes increasingly difficult to find available, affordable property in the popular North Chattanooga area, potential residents look elsewhere for an area that can provide the same amenities and conveniences. Red Bank is positioned for success as it is the next desirable residential destination north of Chattanooga and is currently experiencing a renaissance. The current mayor of Red Bank recently updated zoning ordinances and also defined a central business district for the community. The quadruplex is located within this district area and will greatly benefit as this commercial corridor transforms into a walk-able shopping area with locally owned, trendy retail shops and restaurants. Building price details: $195,000.
• Contact info
• Joe M Pleva

  KW Commercial
• Note

• Details Info about this row that located on 18 West Meadowbrook Drive, Chattanooga, TN 37415 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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