314 E View Drive, Chattanooga, TN 37404

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

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List Price: $685,000
Status: ACTIVE
MLS#: 1542313
Subtype: Residential Income
Style: Other
Year Built: 1950
Bedrooms: 7
Bathrooms: 4
Living Area: 3,436
Lot Size: 17,424
Acres: 0.40
Subdivision: Scruggs

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Property Description

314 E View Drive presents a rare opportunity to acquire a fully rebuilt four-unit multifamily property with additional development potential. Comprehensive renovations were completed from the studs, combining modern finishes with updated structural and mechanical systems. Each residence features granite countertops, new appliances, luxury vinyl plank flooring, and an in-unit washer and dryer. Electric and water utilities are separately metered, helping simplify property management and expense allocation. The property is also equipped with a full fire sprinkler system and fire hydrant, providing added safety and long-term risk mitigation. Investment Highlights: Delivered vacant, allowing the buyer to control tenant selection, lease terms, and rental rates Unit mix includes three two-bedroom residences and one one-bedroom residence. Separately metered electric and water utilities Extensive renovations reduce anticipated near-term capital expenditures Oversized R-3-zoned lot may offer future development or accessory-income potential, subject to buyer verification

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Additional Information

Interior Features: Split Bedrooms, Breakfast Bar, Granite Counters
Taxes: $5,771
Property Description: Other
Appliances: Dishwasher, Electric Range, Electric Water Heater, Free-Standing Refrigerator, Microwave, Washer/Dryer, Water Heater
Heating: Central, Ductless, Electric, Varies by Unit
Air Conditioning: Central Air, Ductless, Electric, Multi Units, Varies by Unit
Exterior Features: Brick
Roof: Asphalt, Shingle
Foundation: Pillar/Post/Pier, Slab
Parking Features: Driveway, Off Street
Garage Spaces: 2
Elementary School: East Ridge Elementary
Middle School: East Ridge Middle
High School: East Ridge High