549 S Crest Road
Chattanooga, TN 37404
- – beds
- – baths
- 4,420 sqft
- 10,890 sqft lot
- $169 per sqft
- 1921 build
- – on site
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Introducing a Rare Gem: The Charming 1920's Quadplex on Historical Missionary Ridge Nestled on the iconic Missionary Ridge, this remarkable quadplex offers a glimpse into the past with its timeless 1920's charm, while delivering modern living and breathtaking views of downtown Chattanooga and Lookout Mountain. Rarely does such an exceptional property become available, and this is the first time in over two decades that this unique quadplex has graced the market. With a prime location and a keen eye for the market, this quadplex has found its niche. Each of the four units is fully furnished and leased on a mid-term basis, but the demand is such that tenants often stay anywhere from 6 to 24 months. As a result, vacancies are virtually non-existent, making this investment opportunity truly unparalleled. The property boasts a series of updates that ensure both aesthetic appeal and functionality. Each unit offers its own distinctive charm and character, making this quadplex a one-of-a-kind find. Apartment 1: Spacious 2-bedroom, 2-bathroom unit. Leases for $1,900/month. Features a generous kitchen and dining area. Bedrooms with ensuite bathrooms. A spacious living room with a wall of windows to capture the grand views. Apartment 2: Open-concept 1-bedroom, 1-bathroom unit. Leases for $1,750/month. Offers a large kitchen, living, and dining space. Apartment 3: 1-bedroom, 1-bathroom unit. Leases for $1,650/month. Craftsman-style design with intricate detailing. Kitchen with ample cabinet space, open to a living area filled with natural light. Apartment 4: 1-bedroom, 1-bathroom unit. Potential lease of $1,500/month. Semi-open concept layout with abundant natural light. A spacious back wooden deck accessible from the living room. Projected gross monthly income for the property stands at an impressive $6,800/month, reflecting the robust demand for this fully furnished complex. As this property is currently tenant-occupied, we kindly request that you refrain from disturbing the residents. Additionally, for the savvy investor looking for a turnkey opportunity, the property may be sold fully furnished. This is a rare chance to own a piece of Chattanooga's history while enjoying the financial benefits of a highly sought-after investment. Don't miss your opportunity to own this charming quadplex with breathtaking views. Contact us today to schedule a viewing and make this unique property yours.
Listing courtesy of CHTMLS / Crye-Leike, REALTORS
Last checked:
Checking…
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Last updated Oct 1, 2024
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MLS# 1380927 —
The Building
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Year Built:1921
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New Construction:false
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Builder Name:None
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Construction Materials:Aluminum Siding, Fiber Cement, Stone
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Levels:Two
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Stories:2
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Stories Total:None
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Roof:Shingle
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Basement:Finished
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Basement:true
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Building Area Total:4420.0
Interior
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Interior Features:Eat-in Kitchen, Open Floorplan
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Furnished:None
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Fireplace:false
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Zoning Description:None
Room Dimensions
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Living Area:4420.0
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Living Area Units:None
Location
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Directions:East on 41 like your going through tunnels first right on round about and up Westside Dr. Right on Crest. Quadplex on right.
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Latitude:34.99677
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Longitude:-85.274188
The Property
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Parcel Number:168j T 014
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Property Type:Residential Income
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Property Sub Type:Quadruplex
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Direction Faces:None
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Possible Use:None
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Lot Size Source:None
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View:true
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Lot Features:Brow Lot
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View:Other
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Lot Size Dimensions:90.0X121.5
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Lot Size Acres:0.25
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Lot Size Area:0.25
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Lot Size Square Feet:10890.0
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Zoning:None
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Lot Size Units:Acres
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Topography:None
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Pool Private:No
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (423) 596-3004
- Office phone:
- (423) 756-0771
Taxes
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Tax Legal Description:LOT 4 J A WARDLAWS LAKEVIEW ADDN PB 7 PG12 REV 67-198 RES USED AD DUPLE X
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Tax Annual Amount:4135.5
Baths
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Bathrooms Three Quarter:None
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Bathrooms One Quarter:None
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Bathrooms Partial:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:Central, Electric
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Heating:true
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Cooling:Central Air, Electric
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Cooling:true
Utilities
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Utilities:Sewer Connected
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Water Source:Public
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Electric:None
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Green Energy Generation:None
Schools
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Elementary School:East Ridge Elementary
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Elementary School District:None
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Middle Or Junior School:East Ridge Middle
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Middle Or Junior School District:None
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High School:East Ridge High
The Community
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Subdivision Name:None
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Senior Community:false
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Community Features:Historic District, None
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Off Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
1/31/24
Jan 31, 2024
|
Sold | CHTMLS | $751,000 |