60 Phillips Road





























Description
Exceptional opportunity to acquire a fully leased, newly constructed quadplex completed in 2025 at 60 Phillips Road on Lookout Mountain, Georgia. Purposefully designed to serve the growing demand for student, faculty, young professional, and recent graduate housing, this income-producing asset is located less than four miles from Covenant College, which is welcoming its largest incoming freshman class in school...Turnkey New Construction Quadplex | $54,420 Annual Rental Income | Near Covenant College
Exceptional opportunity to acquire a fully leased, newly constructed quadplex completed in 2025 at 60 Phillips Road on Lookout Mountain, Georgia. Purposefully designed to serve the growing demand for student, faculty, young professional, and recent graduate housing, this income-producing asset is located less than four miles from Covenant College, which is welcoming its largest incoming freshman class in school history. The property consists of four modern residential units:
• Two 1-bedroom, 1-bath units (500 SF each) • Two 1-bedroom, 1-bath units with lofts (800 SF each)
Currently generating $4,535 per month in rental income ($54,420 annually), the property offers investors immediate cash flow with the added benefits of brand-new construction, no deferred maintenance, and low operating expenses for years to come. At the asking price of $595,000, the property is offered at an attractive basis for a newly built multifamily asset in one of the Chattanooga area's most desirable and supply-constrained submarkets. The mix of standard and loft-style units broadens tenant appeal and supports long-term occupancy stability. Residents enjoy convenient access to Covenant College, downtown Chattanooga, Trenton, major employers, and the outdoor amenities that make Lookout Mountain one of the region's most sought-after residential locations. Investment highlights include:
• Fully leased and income-producing • $54,420 annual gross rental income • Brand-new 2025 construction • Four highly efficient one-bedroom units (The two upstairs units have additional loft spaces that can function as additional bedrooms.) • Strong demand from Covenant College students, staff, and recent graduates • Low-maintenance asset with modern systems and finishes • Less than 4 miles from Covenant College. Opportunity for future rent growth in a market with increasing housing demand. Separate utility meters OWNER/AGENT
- Listed by Mark Richmond • Oak and Willows Real Estate Collective PLLC
Property Details for 60 Phillips Road
Location
Building Information for 60 Phillips Road
Payment Calculator
$3,033 per month
30 year fixed, 6.55% Interest
$3,024
$9
$0
Property Information for 60 Phillips Road
- City: Lookout Mountain
- County Or Parish: Dade
- Directions: Drive up ochs Hwy until you reach the top. Turn Right onto Scenic Hwy (GA-157 S).Follow Scenic Hwy for approximately 3 miles. Turn Left onto Phillips Rd.
- Latitude: 34.9264
- Longitude: -85.408113
- Postal Code: 30750
- State Or Province: GA
- Subdivision Name: None
- Tax Legal Description: PTLL 157 10/4 LANDLOT: 157 LANDDIST: 10
- Additional Parcels: No
- Parcel Number: 056 00 119 01
- Association Fee: $0
- Association: No
- Tax Annual Amount: $109
- Middle Or Junior School: Dade County Middle
- High School: Dade County High
- Elementary School: Dade County Elementary
- Garage Spaces: 1.0
- Garage: Yes
- Attached Garage: No
- Lot Size Acres: 0.4
- Living Area Source: Plans
- Lot Size Square Feet: 17424.0
- Building Area Total: 2600.0
- Lot Size Units: Acres
- Living Area: 2600.0
- Property Type Label: Residential Income
- New Construction: Yes
- Home Warranty: No
- Floor Plans Count: 0
- Year Built: 2025
- Property Type: Residential Income
- Property Sub Type: Quadruplex
- WaterSewer : Septic Tank: Yes
- Water Source: Public
- Senior Community: No
- Parking Features: Off Street, Parking Lot
- Roof: Shingle
- Roofing : Shingle: Yes
- Fireplace: No
- Electric: Yes
- Bedrooms Total: 4
- Appliances: Washer/Dryer, Refrigerator, Microwave, Free-Standing Electric Range, Exhaust Fan, Electric Water Heater
- Bathrooms Total Integer: 4
- Bathrooms Total Decimal: 4.0
- Bathrooms Total Notational: 4.0
- Cooling: Yes
- Heating: Yes
- Basement: Crawl Space
- Cooling: Central Air, Electric
- Heating: Central, Electric
- Stories: 2
- Green Features : Central Air: Yes
- Green Features : Microwave: Yes
- Green Features : Refrigerator: Yes
- Cooling : Central: Yes
- Description: Top left
- Description: Top Right
- Description: Bottom left
- Description: Bottom right
- Number Of Units Total: 4
- Unit 1 : Bedrooms: 1
- Unit 1 Features : Den: No
- Unit 1 Features : Efficiency: No
- Unit 1 Features : Kitchen: Yes
- Unit 1 Features : Microwave: Yes
- Unit 1 Features : Refrigerator: Yes
- Unit 1 Features : Separate Dining: No
- Unit 2 : Bedrooms: 1
- Unit 2 Features : Den: No
- Unit 2 Features : Efficiency: No
- Unit 2 Features : Separate Dining: No
- Unit 3 : Bedrooms: 1
- Unit 3 Features : Kitchen: Yes
- Unit 3 Features : Den: No
- Unit 3 Features : Efficiency: No
- Unit 3 Features : Living Room: Yes
- Unit 3 Features : Microwave: Yes
- Unit 3 Features : Refrigerator: Yes
- Unit 3 Features : Separate Dining: No
- Unit 4 : Bedrooms: 1
- Unit 4 Features : Kitchen: Yes
- Unit 4 Features : Efficiency: No
- Unit 4 Features : Living Room: Yes
- Unit 4 Features : Microwave: Yes
- Unit 4 Features : Refrigerator: Yes
- Unit 4 Features : Separate Dining: No
- Tenant Pays: All Utilities
Property History for 60 Phillips Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 20, 2026 | Listed (Active) Greater Chattanooga Association of REALTORS #1539115 | $595,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/20/2026 | Listed (Active) Greater Chattanooga Association of REALTORS #1539115 | $595,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Schools near 60 Phillips Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 5 |
Rating | School | Distance |
|---|---|---|
Dade Elementary School PublicPK to 5 | ||
Dade Middle School Public6 to 8 | ||
Dade County High School Public9 to 12 | ||
Davis Elementary School PublicPK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Oak and Willows Real Estate Collective PLLC, Mark Richmond
Based on information from one of the following Multiple Listing Services:FMLS,FMLS_CS,GAMLS,Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS.Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by FMLS,FMLS_CS,GAMLS, Middle GA MLS,Columbus Board of REALTORS, Northeast Georgia Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.
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