151 W Ridgewood Avenue, Chattanooga, TN 37415

$600,000 Asking Price

4 beds
2 baths
1,400  sqft
Built in 1970

Great investment opportunity. Property has 2 dwellings. 1 single family and 1 duplex. All units have long term tenants (approx 10+ years) and are rented below market. Fair market rents for all are approx $5000 monthly. Currently getting $2300. No showings until contract negotiated. House is 4 bed 1.5 baths with garage. Duplex units are 2 bed 1 bath with garages.

Features & Amenities

Interior

Appliances:
Refrigerator, Electric Range
Basement:
Partially Finished
Flooring:
Carpet, Hardwood
A/C:
true, Central Air, Electric
Heating:
true, Central, Natural Gas

Exterior

General:
Rain Gutters
Parking:
Driveway, Garage

Construction

Roofing:
Shingle
General:
Brick, Wood Siding, 2, Block

Location

Originating MLS:
Greater Chattanooga REALTORS®
County:
Hamilton

Lot

Zoning:
1930C 07 05 PT LT 5 JEAN FAUX SWEE TLAND PB9 PG4, 126c G 007

Utilities

Utilities:
Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Greater Chattanooga REALTORS®

This listing courtesy of:
Berkshire Hathaway HomeServices Realty Center

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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