Description
Don't Miss this Iconic North Chattanooga Rental Property with 3 income producing units located near the corner of Tremont Street and Mississippi Ave. Location, Location, Location. This property is located in one of the hottest areas in Greater Chattanooga and it is zoned for Normal Park Schools which are widely known as some of the best schools in the town. Also, this property is within walking distance to shops, restaurants, bars, parks, the waterfront and downtown. This unique building was once a general store serving the entire Northshore area and has since been converted to residential rental units that are loaded with historic charm and character. Unit A is a 1 bedroom, 1 bathroom suite with stackable washer/dryer and a covered rocking chair front porch. Unit A currently rents for $975 monthly. Unit B is a 2 bedroom, 2 bathroom suite with towering 14' ceilings, stackable washer/dryer and ample storage space in two separate loft areas. Unit B currently rents for $1,450 monthly. Unit C is a 1 bedroom, 1 bathroom suite with washer/dryer hookups, private rear deck, gazebo-style open air workshop and cozy firepit area. Unit C currently rents for $1,150. The property is accessible by driveway in the rear off of Boylston Street and there is an old detached garage for storage. Further dry storage is located in the cellar. The seller has completed many updates and the TPO roof has lots of life left for future owners. There is an entire block of free streetside parking along Tremont Street. Finally, there is potential for future development due to an unopened right of way adjacent to the property that could be closed to add valuable land to this parcel. Please do not disturb the tenants. Access to each unit will be provided with an acceptable contract.
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0BEDS
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0.23ACRES
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0BATHS
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01/2 BATHS
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2,953SQFT
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$220$/SQFT
School Information
Description
Don't Miss this Iconic North Chattanooga Rental Property with 3 income producing units located near the corner of Tremont Street and Mississippi Ave. Location, Location, Location. This property is located in one of the hottest areas in Greater Chattanooga and it is zoned for Normal Park Schools which are widely known as some of the best schools in the town. Also, this property is within walking distance to shops, restaurants, bars, parks, the waterfront and downtown. This unique building was once a general store serving the entire Northshore area and has since been converted to residential rental units that are loaded with historic charm and character. Unit A is a 1 bedroom, 1 bathroom suite with stackable washer/dryer and a covered rocking chair front porch. Unit A currently rents for $975 monthly. Unit B is a 2 bedroom, 2 bathroom suite with towering 14' ceilings, stackable washer/dryer and ample storage space in two separate loft areas. Unit B currently rents for $1,450 monthly. Unit C is a 1 bedroom, 1 bathroom suite with washer/dryer hookups, private rear deck, gazebo-style open air workshop and cozy firepit area. Unit C currently rents for $1,150. The property is accessible by driveway in the rear off of Boylston Street and there is an old detached garage for storage. Further dry storage is located in the cellar. The seller has completed many updates and the TPO roof has lots of life left for future owners. There is an entire block of free streetside parking along Tremont Street. Finally, there is potential for future development due to an unopened right of way adjacent to the property that could be closed to add valuable land to this parcel. Please do not disturb the tenants. Access to each unit will be provided with an acceptable contract.
835 Tremont St Chattanooga, TN 37405
Property Description
Exterior Aluminum/VinylBrick Over FoundationSiding Garage Parking Detached GarageOff Street Parking Lot Description Gradual SlopingScenic View Lot Size Dimensions 88X116 Roof Built-Up
Basement CellarCrawl SpacePartialSlabUnfinished Cooling CentralElectricTwo Or More Units Description 2 Level Heating CentralElectricTwo Or More Units Unit One Bedrooms 1 Unit One Features 1 Bath1 BedroomDining/Living ComboEat-In KitchenKitchenLaundry HookupLiving RoomMicrowaveOven/RangeRefrigeratorStorage Unit One Full Baths 1 Unit Three Bedrooms 1 Unit Three Features 1 Bath1 BedroomDeck/PatioEat-In KitchenKitchenLaundry HookupLiving RoomMicrowaveOven/RangeRefrigeratorStorage Unit Three Full Baths 1 Unit Two Bedrooms 2 Unit Two Features 1 Bath2 BedroomsDining/Living ComboEat-In KitchenKitchenLiving RoomMicrowaveOven/RangeRefrigeratorStorage Unit Two Full Baths 1
Community Features Private Yard Existing Financing Conventional Financing CashConventional Gross Monthly Rent 3450.00 Home Warranty No Owner Pays None Possession Day Of ClosingTenant Rights Property Sub Type Triplex Senior Community YN No Taxes 5492.46 Tenant Pays All Utilities Type Of Sale Home OwnerInvestor Unit One Unit Number A Unit Three Unit Number C Unit Two Unit Number B Water Sewer On SewerPublic Water
Listing information © 2023 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of The Group Real Estate Brokerage: (423) 531-9000.
