3
beds
2
baths
1,716
sqft
Built in
1956
*Two Homes on One Lot in the Heart of Red Bank*
Investor Opportunity - Please Do Not Disturb Tenants
Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house).
The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones.
Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal.
Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential.
With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank.
Don't miss out on this exceptional investment opportunity.
*Information is deemed reliable but buyer is responsible for due diligence.*
-
Listing Status:
-
Active
-
Date Added:
- April 7, 2025
—
25 days ago
-
Listing Office:
-
RE/MAX Renaissance Realtors
-
Office Phone:
-
423-756-5700
-
MLS ID:
-
1510659
Features & Amenities
Interior
- A/C:
- true, Window Unit(s)
- Fireplace:
- Fireplace
Exterior
- General:
- Private Yard
- Parking:
- Driveway, Garage
Construction
- General:
- Vinyl Siding, Brick/Mortar
Location
- Originating MLS:
- Greater Chattanooga REALTORS®
- County:
- Hamilton
Lot
- Zoning:
- Lts 75-80 Pt Lts 81&82 Sherrill's S Ub Oakwood Addn Pb 9 Pg 13, 117l K 025
- View:
- View
Utilities
- Utilities:
- Electricity Connected, Sewer Available, Water Connected
- Water:
- Public
- Sewer:
- Septic Tank
Financial
- Source:
- Greater Chattanooga REALTORS®
This listing courtesy of:
RE/MAX Renaissance Realtors
Monthly Payment
For Regular Military with Good Credit and a 30 Year Loan with 0% Down
- Principal & Interest $2,317
- Taxes $357
- Insurance $104
- VA Funding Fee $23
*Your actual payment may vary based on your unique situation.
$2,801 Est. Payment
-
$--- BAH
=
$--- Remaining
About Chattanooga, TN
Housing
- Number of Units
- 104,017
- Median Home Value
- $194,747
- Median Rent
- $769
46.46%
of
housing units are renter occupied.
9.12% are vacant.
Commute
- Car
-
73.56%
- Public Transportation
-
1.48%
- Walk to Work
-
1.51%
- Work from Home
-
22.57%
- Other
-
0.57%
The median travel time to work is
16 minutes.
People
- Population
- 213,893
- Median Age
- 38.60
- Median Household Size
- 2.34
Education
- High School
-
27.11%
- Associate’s Degree
-
8.63%
- Bachelor’s Degree
-
20.33%
- Graduate Degree
-
11.09%
Disclaimer: Community and Demographic information uses data from the U.S.
Census Bureau
but is not endorsed or certified by the Census Bureau.
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