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Listed by Grace Frank • Zach Taylor Chattanooga
$ 2,650,000
Est. payment | /mo
14,040 SqFt
$ 2,650,000
Est. payment | /mo
14,040 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,040 sqft
Price per Sqft $188
MLS Listing ID 2993599
HOA Y/N No
Year Built 1971
Property Description
Investment Opportunity - Pinewood Avenue Quadplexes in the heart of Midtown
Rare opportunity to acquire four all-brick quadplex buildings just minutes from downtown Chattanooga. Each property features 4 units, offering a total of 16 income-producing apartments. Each unit is 2 bedrooms, 1 bathroom, well designed kitchen and living area.
Every unit is designed for durability and tenant appeal with luxury vinyl plank flooring throughout, a kitchen with pantry, two bedrooms, and a full bathroom. Renovated back decks provide additional living space and overlook a private wooded hillside, enhancing the property's charm. The units have had updated energy efficient windows, majority of hvac units replaced, new roofs, and interior and exterior painting. 3328 Pinewood Ave has the community laundry facility with new washer/dryer units and an office and storage area.
This well-located complex offers consistent rental potential and is ideally positioned to capture Chattanooga's growing demand for mid-term rental housing. With its proximity to downtown employers, attractions, and amenities, Pinewood Avenue is a strategic investment for both stable cash flow and long-term growth. Currently, Seller is repositioning several units for Midterm rentals at a higher monthly fee. Small Pets allowed with a $500 nonrefundable deposit and $25 monthly per pet rental fee.
Rare opportunity to acquire four all-brick quadplex buildings just minutes from downtown Chattanooga. Each property features 4 units, offering a total of 16 income-producing apartments. Each unit is 2 bedrooms, 1 bathroom, well designed kitchen and living area.
Every unit is designed for durability and tenant appeal with luxury vinyl plank flooring throughout, a kitchen with pantry, two bedrooms, and a full bathroom. Renovated back decks provide additional living space and overlook a private wooded hillside, enhancing the property's charm. The units have had updated energy efficient windows, majority of hvac units replaced, new roofs, and interior and exterior painting. 3328 Pinewood Ave has the community laundry facility with new washer/dryer units and an office and storage area.
This well-located complex offers consistent rental potential and is ideally positioned to capture Chattanooga's growing demand for mid-term rental housing. With its proximity to downtown employers, attractions, and amenities, Pinewood Avenue is a strategic investment for both stable cash flow and long-term growth. Currently, Seller is repositioning several units for Midterm rentals at a higher monthly fee. Small Pets allowed with a $500 nonrefundable deposit and $25 monthly per pet rental fee.
Location
State TN
County Hamilton County
Interior
Cooling Central Air
Flooring Vinyl, Other
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Sewer Public Sewer
Water Public
Structure Type Other,Brick
New Construction false
Schools
Elementary Schools Woodmore Elementary School
Middle Schools Dalewood Middle School
High Schools Brainerd High School
Others
Senior Community false
Special Listing Condition Standard
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Mack Breard
Broker-Owner | Lic# 340986
2615 Medical Center Parkway Suite 1560 Murfreesboro, TN, 37129