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22 W Bell Ave

Chattanooga, TN 37405
  • $550,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 1340114
UPDATED: 60 min ago
$550,000
  • 3
    BEDS
  • 0.18
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,110
    SQFT
  • $495
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1940
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Currently under contract Seller accepting Back up offers. 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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22 W Bell Ave Chattanooga, TN 37405

  • Price: $550,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 60 min ago
  • MLS #: 1340114
3
Beds
2
Baths
0
½ Baths
0.18
Acres
1,110
SQFT
$495
$/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
Currently under contract Seller accepting Back up offers. 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 Features None Foundation Slab Garage Parking Off Street Parking Lot Description Corner LotLevel Lot Size Dimensions 79X100 Roof Metal

Interior Features

Appliances DishwasherElectric Range - Free StandingRefrigeratorWater Heater - Electric Basement None Baths Total 2.00 Beds And Baths Tub/Shower Combo Cooling CentralElectric Dining Combined W/LivingEat-In-Kitchen Fireplaces 0.00 Heating CentralElectric Interior Features Attic Storage - CeilingLaundry ClosetWasher & Dryer Hookup Number Of Rooms 8 Rooms BedroomFoyerFull BathroomKitchenLiving Room

Property Features

Association Fee 0 Auction No Builders Warranty No Community Features Sidewalks Description 1 LevelSite Built Financing CashConventional Green Features Central AirCentral HeatCurbside RecyclingWater Heater Home Warranty No Possession Day Of Closing Senior Community YN No Taxes 1758.47 Type Of Sale Investor Utilities Cable Lines/Above GroundElectric Lines/Above Ground Water Sewer On SewerPublic Water

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



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EXIT Realty Scenic Group
7506 E Brainerd Road
Chattanooga TN, 37421