3332 Roadrunner Trail
3332 Roadrunner Trail
Chattanooga, TN 37404
$1,299,000
Price
18
Beds
9
Baths
8,336 Sq. Ft.
$156 / Sq. Ft.
8,336
Sq. Ft.
$156
per Sq. Ft.
Contingent
Contingent
Description
Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant...Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality. The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as a successful mid-term rental over the past year, averaging $1,500 per month in revenue. Long-term rental rates vary between $940 and $1,300 per month. Located conveniently close to downtown and all three major hospitals, the property is perfectly positioned to cater to the needs of traveling medical professionals seeking mid-term rental options. Nestled at the end of a quiet dead-end street, it offers tenants a peaceful living environment with minimal traffic noise and picturesque views of downtown. This complex not only promises the potential for rental rate increases but also minimal maintenance requirements for the foreseeable future, marking it as a steadfast investment opportunity. An available short-term rental unit is open for preview. Interested parties are encouraged to contact us for a private showing and to explore the unique prospects this property offers.
- Listed by Grace Frank • Zach Taylor - Chattanooga
Amenities
- Air Conditioning
- Driveway
- Eat-in Kitchen
- Parking Included
- Private Outdoor Space
Location
Listing Courtesy of Zach Taylor - Chattanooga, Grace Frank (423.208.3834)
Add your commute
LISTING UPDATED: 05/06/2024 06:30 PM
Property Details for 3332 Roadrunner Trail
| Status | Contingent |
|---|---|
| MLS # | 1388864 |
| Days on Market | 46 |
| Taxes | $6,012 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | MultiFamily / Duplex |
| Year Built | 1973 |
| Lot Size | 2.19 AC / 95,396 SF |
| County | Hamilton County |
Location
Listing Courtesy of Zach Taylor - Chattanooga, Grace Frank (423.208.3834)
Add your commute
Building Information for 3332 Roadrunner Trail
Stories2Residences8Year Built1973Building Size-Lot Size2.19 AC / 95,396 SF
Payment Calculator
$7,590 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,089
Property Taxes
$501
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3332 Roadrunner Trail
Summary
Location and General Information
- City: Chattanooga
- County Or Parish: Hamilton
- Directions: To reach 3332 Roadrunner Tr in Chattanooga, TN 37407, take I-24 East from downtown Chattanooga. Use Exit 181 for Germantown Rd, then turn right onto Germantown Rd. Afterward, make a left onto Tunnel Blvd and continue onto 35th St. Take a left onto 10th Ave, followed by a right onto Sheridan Ave. Proceed with a left onto Roanoke Ave, and finally, make a right onto Roadrunner Tr. The destination will be situated on your left.
- Latitude: 35.002407
- Longitude: -85.27389
- Postal Code: 37407
- State Or Province: TN
- Subdivision Name: None
Taxes and HOA
- Tax Book Number: 9855
- Tax Legal Description: See Exhibit
- Association Fee Frequency: Not Applicable
- Parcel Number: 168c B 033.01 See Exhibit
- Association Fee: $0
- Association: Yes
- Tax Annual Amount: $6,012
- Location Tax Legal Info : Deed Page: 313
School Information
- Middle Or Junior School: East Lake Academy of Fine Arts
- High School: Howard School of Academics & Tech
- Elementary School: East Lake Elementary
Parking
- Parking : Off Street Parking: Yes
Property
Lot Information
- Lot Features: Mineral Rights, Scenic View, Sloping, Special Drainage, Extra Lot Available, Cul-De-Sac
- Lot Size Dimensions: 541.75x176.09
- Lot Size Acres: 2.19
- Lot Size Square Feet: 95396.76
- Building Area Total: 8336.0
Property and Assessments
- Location Tax Legal Info : Multi-Use: No
- Property Details : 55 Community: No
- Property Type Label: MultiFamily
- Sewer: Yes
- Documents Available: Other, Lead Based Paint Disclosure, Confirmation of Agency, Seller's Disclosure, Other 1
- Home Warranty: No
- Floor Plans Count: 0
- Year Built: 1973
- Property Type: MultiFamily
- Property Sub Type: Duplex
Utilities
- WaterSewer : On Sewer: Yes
- WaterSewer : Public Water: Yes
- Water Source: On Sewer, Public
Interior and Exterior Features
Exterior Features
- Construction Materials: Siding
- Community Features: Private Yard, TV Cable Available
- Roof: Metal, Shingle
- Property Details : Special Needs: n
Interior Features
- Electric: Yes
- Bathrooms Total Integer: 0
- Bathrooms Total Decimal: 0.0
- Bathrooms Total Notational: 0.0
- Heating: Yes
- Basement: Slab
- Heating: Central, Electric
- Levels: 2 Level
- Stories: 2
- Description : 2 Level: Yes
- Cooling : Central: Yes
Multi Family
Multi-Family Information
- Number Of Units Total: 8
Unit 1
- Unit 1 : Unit #: 3332
- Unit 1 Features : Half Bath: Yes
- Unit 1 Features : 1 Bath: Yes
- Unit 1 Features : Dining/Living Combo: Yes
- Unit 1 Features : Kitchen: Yes
- Unit 1 Features : Laundry Hookup: Yes
- Unit 1 Features : Living Room: Yes
- Unit 1 Features : Microwave: Yes
- Unit 1 Features : Oven/Range: Yes
- Unit 1 Features : Refrigerator: Yes
Unit 2
- Unit 2 : Unit #: 3334
- Unit 2 Features : Kitchen: Yes
- Unit 2 Features : Half Bath: Yes
- Unit 2 Features : 1 Bath: Yes
- Unit 2 Features : Dining/Living Combo: Yes
- Unit 2 Features : Laundry Hookup: Yes
- Unit 2 Features : Microwave: Yes
- Unit 2 Features : Oven/Range: Yes
- Unit 2 Features : Refrigerator: Yes
Unit 3
- Unit 3 : Unit #: 3338
- Unit 3 Features : Kitchen: Yes
- Unit 3 Features : Half Bath: Yes
- Unit 3 Features : 1 Bath: Yes
- Unit 3 Features : Dining/Living Combo: Yes
- Unit 3 Features : Laundry Hookup: Yes
- Unit 3 Features : Living Room: Yes
- Unit 3 Features : Microwave: Yes
- Unit 3 Features : Oven/Range: Yes
- Unit 3 Features : Refrigerator: Yes
Unit 4
- Unit 4 : Unit #: 3340
- Unit 4 Features : Kitchen: Yes
- Unit 4 Features : Half Bath: Yes
- Unit 4 Features : 1 Bath: Yes
- Unit 4 Features : Dining/Living Combo: Yes
- Unit 4 Features : Laundry Hookup: Yes
- Unit 4 Features : Living Room: Yes
- Unit 4 Features : Microwave: Yes
- Unit 4 Features : Oven/Range: Yes
- Unit 4 Features : Refrigerator: Yes
Rental
Rental Information
- Tenant Pays: All Utilities, Electricity, Water
- Property Details : Gross Monthly Rent: $8,165.00
Property History for 3332 Roadrunner Trail
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 3332 Roadrunner Trail
Taxable ValueLand-Additions-Total-
Tax Record2023$1,418 ($118 / month)
Home Facts
Total Finished SqFt4,168 SqFtAbove Grade Finished SqFt4,168 SqFtStories2Lot Size19,000 SqFtStyleDuplexYear Built1973ZoningR1CountyHAMILTONAPN168C B 033.01
Schools near 3332 Roadrunner Trail
This home is within Hamilton County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 5 |
Rating | School | Distance |
|---|---|---|
East Lake Elementary School PublicPK to 5 | ||
East Lake Academy Of Fine Arts Public6 to 8 | ||
The Howard School Public9 to 12 | ||
Chattanooga Charter School Of Excellence CharterK 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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Zach Taylor - Chattanooga, Grace Frank (423.208.3834)
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