FOR SALE2.19 ACRES
3332 Roadrunner Trl
Chattanooga, TN 37404
Missionary Ridge
Studio
8,336 sqft (on 2.19 acres)
- Studio
- 8,336 sqft (on 2.19 acres)
Studio
8,336 sqft
(on 2.19 acres)
Local Information
© Google
-- mins to
Commute Destination
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 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.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$156
Listed
37 days ago
Home Details for 3332 Roadrunner Trl
Interior Features |
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Dimensions and Layout Living Area: 8336 Square Feet |
Appliances & Utilities Utilities: Cable AvailableAppliances: Microwave, Oven/Range, RefrigeratorLaundry: Laundry HookupMicrowaveRefrigerator |
Heating & Cooling Heating: Central,ElectricHas CoolingAir Conditioning: Central Air,ElectricHas HeatingHeating Fuel: Central |
Levels, Entrance, & Accessibility Stories: 2Levels: Two |
View Has a ViewView: Scenic View |
Exterior Features |
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Exterior Home Features Roof: Metal ShingleFoundation: Slab |
Parking & Garage No CarportNo GarageNo Attached GarageParking: Off Street |
Water & Sewer Sewer: On Sewer |
Days on Market |
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Days on Market: 37 |
Property Information |
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Year Built Year Built: 1973 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Duplex |
Building Construction Materials: SidingAttached To Another StructureDoes Not Include Home Warranty |
Price & Status |
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Price List Price: $1,299,000Price Per Sqft: $156 |
Status Change & Dates Possession Timing: Close Of Escrow |
Active Status |
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MLS Status: Active |
Location |
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Direction & Address City: ChattanoogaCommunity: None |
School Information Elementary School: East Lake ElementaryJr High / Middle School: East Lake Academy of Fine ArtsHigh School: Howard School of Academics & Tech |
Agent Information |
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Listing Agent Listing ID: 1388864 |
Building |
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Building Area Building Area: 8336 Square Feet |
Community |
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Community Features: Private Yard |
Lot Information |
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Lot Area: 2.19 Acres |
Listing Info |
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Special Conditions: Investor |
Compensation |
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Buyer Agency Commission: 2.5Buyer Agency Commission Type: % |
Notes The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed |
Business |
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Expense Tenant Pays: Electricity, Sewer, Water |
Rental |
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Owner Pays: None |
Miscellaneous |
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Mls Number: 1388864 |
Additional Information |
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Private Yard |
Last check for updates: about 5 hours ago
Listing courtesy of Grace Frank, (423) 208-3834
Zach Taylor - Chattanooga, (855) 261-2233
Source: Greater Chattanooga Realtors, MLS#1388864
Price History for 3332 Roadrunner Trl
| Date | Price | Event | Source |
|---|---|---|---|
| 04/11/2024 | $1,299,000 | PriceChange | Greater Chattanooga Realtors #1388864 |
| 03/21/2024 | $1,325,000 | Listed For Sale | Greater Chattanooga Realtors #1388864 |
| 12/01/2012 | $120,000 | ListingRemoved | Agent Provided |
| 10/25/2012 | $120,000 | Pending | Agent Provided |
| 12/05/2011 | $120,000 | Listed For Sale | Agent Provided |
| 05/29/2011 | $175,000 | ListingRemoved | Agent Provided |
| 11/20/2010 | $175,000 | PriceChange | Agent Provided |
| 08/06/2010 | $170,000 | Listed For Sale | Agent Provided |
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Property Taxes and Assessment
| Year | 2022 |
|---|---|
| Tax | $1,418 |
| Assessment | $158,400 |
Home facts updated by county records
Comparable Sales for 3332 Roadrunner Trl
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.39 | Multi-Family Home | $751,000 | 01/31/24 | 5 | 5 | 4,420 | |
0.38 | Multi-Family Home | $525,000 | 03/11/24 | 8 | 6 | 3,888 | |
0.34 | Multi-Family Home | $400,000 | 02/22/24 | 6 | 5 | 3,570 | |
0.43 | Multi-Family Home | $875,000 | 07/06/23 | 8 | 4 | 3,950 | |
0.29 | Multi-Family Home | $332,000 | 12/29/23 | 4 | 4 | 2,263 | |
0.42 | Multi-Family Home | $220,000 | 03/20/24 | 5 | 2 | 1,834 | |
0.29 | Multi-Family Home | $332,000 | 12/29/23 | 4 | 2 | - |
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Missionary Ridge
- Stacey S.
- Resident
- 3y ago
"Quiet and convenient location. Not many pet owners. The roads from Tunnel Blvd to Germantown Rd, montview Rd needs new pavement."
- Hayley K.
- Resident
- 3y ago
"During the aftermath of the tornado and during power outages, all neighbors checked on one another, helped with cleanup and worked to get the power back on."
- Alicia
- Resident
- 4y ago
"Great neighborhood. Convenient to downtown. Walk to yoga and Missionary Ridge. Accessible public transportation. "
- Maurablack
- Resident
- 4y ago
"there is an Active neighborhood association that has regular meetings, events, clean ups, parties, election debates, and block parties "
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Grace Frank, Zach Taylor - Chattanooga
IDX information is provided exclusively for consumers’ personal, noncommercial use, that it 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.
Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited
Copyright© 2024 by Chattanooga Association of REALTORS®
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Zillow, Inc. does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. Some or all of the listings displayed may not belong to the firm whose website is being visited
Copyright© 2024 by Chattanooga Association of REALTORS®
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
3332 Roadrunner Trl, Chattanooga, TN 37404 is a studio, 8,336 sqft multi-family built in 1973. 3332 Roadrunner Trl is located in Missionary Ridge, Chattanooga. This property is currently available for sale and was listed by Greater Chattanooga Realtors on Mar 21, 2024. The MLS # for this home is MLS# 1388864.