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1601 Mitchell Ave, Chattanooga, TN – $790,000

  • $790k Price
  • 5,000 Sqft
  • .11 Acres
  • $790k Price
  • 5,000 Sqft
  • .11 Acres

1601 Mitchell Ave

Fully leased quad in Southside Chattanooga. One block from Main Street. Adjacent to $500k+ townhomes and multi-million dollar renovation of the historic YMCA building. Each 3 bedroom unit is leased at $1,275 per month. Ft. Negley now as a parking permit system which frees up parking in the neighborhood for tenant/owner use only. Could make a great long term rental, student housing, or Short Term Vacation Rental. Within the Urban Overlay, thus eligible for Short Term Vacation Rental permits (subject to review and approval by the city of Chattanooga). Short Term Vacation Rental market analysis attached (AirDNA report indicates revenue potential of $40,439 per 3 bedroom unit .or $161,756 for all 4 units).

Essential Information

  • MLS® #1305759
  • Price$790,000
  • Square Footage5,000
  • Acres0.11
  • Year Built1997
  • TypeMulti-Family
  • Sub-TypeQuadplex
  • Style2 Story
  • StatusContingent

Community Information

  • Address1601 Mitchell Ave
  • SubdivisionFort Negley Addn
  • CityChattanooga
  • CountyHamilton
  • StateTN
  • Zip Code37408

Amenities

  • FeaturesNone
  • ParkingNone

Interior

  • HeatingElectric
  • CoolingCentral
  • Has BasementYes
  • BasementSlab
  • # of Stories2
  • Stories2.0

Exterior

  • ExteriorPartial Brick, Siding
  • Lot DescriptionLevel
  • RoofShingle

School Information

  • ElementaryBattle Academy
  • MiddleOrchard Knob Middle

High

Howard School of Academics & Tech

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Listing Courtesy Of: Uptown Firm, LLC

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This site was last updated on September 16th, 2019 at 12:43pm