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314 E View Drive, Chattanooga, TN 37404

$685,000
: 7
BD
: 4
BA
: 3,436
SqFt

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List Price: $685,000
MLS#: 1542313
Bedrooms: 7
Sq. Ft: 3,436
Acres: 0.40
Year Built: 1950
Subdivision: Scruggs

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Property Description

Turnkey investment opportunity: a fully rebuilt, four-unit multifamily property offering immediate cash flow potential with none of the near-term capital expense risk of older stock. Every unit was renovated down to the studs, combining modern finishes with updated structural and mechanical systems throughout. Each residence features granite countertops, new appliances, luxury vinyl plank flooring, and an in-unit washer and dryer -- the kind of finish level that supports strong rents and low turnover. Electric and water utilities are separately metered for simplified expense allocation, and the property includes a full fire sprinkler system and fire hydrant for reduced long-term risk. Delivered vacant, this property gives an investor full control over tenant selection, lease terms, and rental rates from day one -- ideal for setting rents at true market rate rather than inheriting legacy leases. The unit mix includes three two-bedroom residences and one one-bedroom, and the oversized, R-3-zoned lot may offer additional development or accessory-income potential, subject to buyer verification. A rare chance to acquire renovated, income-ready multifamily in Chattanooga with upside built in.

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Additional Information

Style: Other
Exterior: Brick
Interior: Split Bedrooms, Breakfast Bar, Granite Counters
Roof: Asphalt, Shingle
Floors: Luxury Vinyl
Foundation: Pillar/Post/Pier, Slab
Appliances: Dishwasher, Electric Range, Electric Water Heater, Free-Standing Refrigerator, Microwave, Washer/Dryer, Water Heater
Lot Description: Back Yard
Cooling: Central Air, Ductless, Electric, Multi Units, Varies by Unit
Heating: Central, Ductless, Electric, Varies by Unit
Elementary School: East Ridge Elementary
Middle School: East Ridge Middle
High School: East Ridge High
Financing Available: Cash, Conventional, FHA, VA Loan