1 of 65

Want to see similar homes for sale?

3332 Roadrunner Trail

Chattanooga, TN 37407

– beds
– baths
8,336 sqft
~2 acre lot
$131 per sqft
1973 build
– on site

More homes

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.

Listing courtesy of CHTMLS / Zach Taylor - Chattanooga

Last checked: Checking… • Last updated Nov 1, 2024 •

MLS# 1388864 —

The Building

Year Built:

1973
New Construction:

false
Builder Name:

None
Construction Materials:

Other
Levels:

Two
Stories:

2
Stories Total:

None
Roof:

Metal, Shingle
Basement:

false
Foundation Details:

Slab
Exterior Features:

Private Yard
Building Area Total:

8336.0

Interior

Interior Features:

Open Floorplan
Furnished:

None
Flooring:

Luxury Vinyl, Plank
Fireplace:

false
Zoning Description:

None

Room Dimensions

Living Area:

8336.0
Living Area Units:

None

Location

Directions:

To reach 3332 Roadrunner Tr in Chattanooga, TN 37407, take I-24 East from downtown Chattanooga. Use Exit 181 for Germantown Rd, then turn right onto Germantown Rd. Afterward, make a left onto Tunnel Blvd and continue onto 35th St. Take a left onto 10th Ave, followed by a right onto Sheridan Ave. Proceed with a left onto Roanoke Ave, and finally, make a right onto Roadrunner Tr. The destination will be situated on your left.
Latitude:

35.002407
Longitude:

-85.27389

The Property

Parcel Number:

168c B 033.01 See Exhibit
Property Type:

Residential Income
Property Subtype:

Duplex
Direction Faces:

None
Possible Use:

None
Lot Size Source:

None
View:

true
Lot Features:

Cul-De-Sac, Sloped, Split Possible
View:

Other
Lot Size Dimensions:

541.75x176.09
Lot Size Acres:

2.19
Lot Size Area:

2.19
Lot Size SqFt:

95396.76
Zoning:

None
Lot Size Units:

Acres
Topography:

None
Pool Private:

No
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Legal Description:

See Exhibit
Tax Annual Amount:

6011.62

Baths

Three Quarter Baths:

None
Quarter Baths:

None
Partial Baths:

None

The Listing

Home Warranty:

false

Heating & Cooling

Heating:

Central, Electric
Heating:

true
Cooling:

Central Air, Electric
Cooling:

true

Utilities

Utilities:

Cable Available, Sewer Connected
Water Source:

Public
Electric:

None
Green Energy Generation:

None

Schools

Elementary School:

East Lake Elementary
Elementary School District:

None
Middle Or Junior School:

East Lake Academy of Fine Arts
Middle Or Junior School District:

None
High School:

Howard School of Academics & Tech

The Community

Subdivision Name:

None
Senior Community:

false
Association:

false
Association Fee 2:

None
Association Fee 2 Frequency:

None

Parking

Garage:

false
Attached Garage:

false
Carport:

false
Parking Features:

Off Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
8/13/24 Aug 13, 2024	Sold	CHTMLS	$1,100,000
3/24/24 Mar 24, 2024	Listed / Active	REALTRACS

Multifamily Sold on 8/13/2024

$1,100,000

Listing provided by broker:

Grace Frank

Zach Taylor - Chattanooga

Newest listings in Chattanooga, TN

Similar sold homes

Listing Courtesy of: CHTMLS and Zach Taylor - Chattanooga.

Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed accurate by the MLS. © 2024 Chattanooga Association of REALTORS®

3332 Roadrunner Trail

Chattanooga, TN 37407