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16 W Bell Ave

Chattanooga, TN 37405
  • $550,000
  • STATUS: Active
  • ON SITE: 85 Days
  • MLS #: 1340113
UPDATED: 31 min ago
$550,000
  • 2
    BEDS
  • 0.19
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 750
    SQFT
  • $733
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1940
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Package deal in North Chattanooga that serves as an incredible redevelopment or investment opportunity! 16 W Bell Ave & 22 W Bell Ave are two adjacent parcels being sold together for a package price of $550,000; together they sit on approximately 0.37 acres just one block from N Market St. Currently the parcels are home to two rental properties, and the gravel lot in-between is being rented for extra parking. Total GMI for these three rental sources is $2,600. There is a third adjacent home on Spears that could be sold with the two properties on W Bell for an additional cost, but the Spears property does have a contract in place with the City of Chattanooga for affordable housing which is in effect until 2027.The parcels offer much flexibility in terms of desired use; they could remain as rental properties, be replaced by larger single family homes, or become a site for new townhomes. Situated within walking or biking distance of an abundance of grocery stores, restaurants, local shops, and parks, and just a short drive to US-27 access and downtown Chattanooga. Since the properties are tenant occupied, an accepted letter of intent or contract will need to be in place before showings can be scheduled. Call for more information.

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© 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. EXIT Realty Scenic Group does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Scenic Group. This site was last updated on 2021-10-17T23:08:27.183.
www.chattanoogahomesearch.com/homes/119665040
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16 W Bell Ave Chattanooga, TN 37405

  • Price: $550,000
  • Status: Active
  • Updated: 31 min ago
  • MLS #: 1340113
2
Beds
1
Baths
0
½ Baths
0.19
Acres
750
SQFT
$733
$/SQFT
1940
Built
Neighborhood:
North Chatt Land Co
County:
Hamilton
Area:
Chattanooga
Elementary School:
Red Bank Elementary
Middle School:
Red Bank Middle
High School:
Red Bank High School
Property Description
Package deal in North Chattanooga that serves as an incredible redevelopment or investment opportunity! 16 W Bell Ave & 22 W Bell Ave are two adjacent parcels being sold together for a package price of $550,000; together they sit on approximately 0.37 acres just one block from N Market St. Currently the parcels are home to two rental properties, and the gravel lot in-between is being rented for extra parking. Total GMI for these three rental sources is $2,600. There is a third adjacent home on Spears that could be sold with the two properties on W Bell for an additional cost, but the Spears property does have a contract in place with the City of Chattanooga for affordable housing which is in effect until 2027.The parcels offer much flexibility in terms of desired use; they could remain as rental properties, be replaced by larger single family homes, or become a site for new townhomes. Situated within walking or biking distance of an abundance of grocery stores, restaurants, local shops, and parks, and just a short drive to US-27 access and downtown Chattanooga. Since the properties are tenant occupied, an accepted letter of intent or contract will need to be in place before showings can be scheduled. Call for more information.
Exterior Features

Exterior Siding Exterior Features Patio/DeckPorch Covered Foundation Block Garage Parking Off Street Parking Lot Description Flood Ins May Be RequiredGradual SlopingLevel Lot Size Dimensions 79X100 Roof Metal Windows Vinyl

Interior Features

Appliances DishwasherElectric Range - Free StandingRefrigeratorWater Heater - ContinuousWater Heater - Electric Basement Crawl Space Baths Total 1.00 Beds And Baths Tub/Shower Combo Cooling CentralElectric Dining Combined W/Living Equipment Smoke Detector Fireplaces 0.00 Heating CentralElectric Interior Features Galley KitchenLaundry RoomWasher & Dryer Hookup Number Of Rooms 6 Rooms BedroomFull BathroomKitchenLaundryLiving Room

Property Features

Association Fee 0 Auction No Builders Warranty No Community Features Sidewalks Description 1 Level Financing CashConventional Green Features Central AirCentral HeatCurbside Recycling Home Warranty No Possession Day Of Closing Senior Community YN No Taxes 876.08 Type Of Sale Investor Utilities Cable Lines/Above GroundElectric Lines/Above Ground Water Sewer On SewerPublic Water

Listing information © 2021 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Chattanooga Real Estate Group Llc.



© 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. EXIT Realty Scenic Group does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or EXIT Realty Scenic Group. This site was last updated on 2021-10-17T23:08:27.183.
 
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EXIT Realty Scenic Group
7506 E Brainerd Road
Chattanooga TN, 37421