Pending
442 Hedgewood Dr
Chattanooga TN, 37405
$100,000
$61.16 per sqft
Pending
3 Beds
2 Baths
1,635 sqft
Residential
Built in 1930
Investment Opportunity: 442 Hedgewood Drive, Chattanooga, TN
Discover the potential at 442 Hedgewood Drive, nestled in the vibrant and growing area of Red Bank, Chattanooga, TN. This unique property is presented ''as is,'' offering an exceptional opportunity for real estate investors to capitalize on the thriving Chattanooga market. Whether you are looking to renovate the existing structure or envision a complete redevelopment, this property stands as a canvas ready for transformation.
Key Features:
* Prime location in Red Bank, a suburb recognized for its burgeoning real estate market and community-oriented atmosphere.
* The property offers a versatile foundation for either a comprehensive renovation project or a complete rebuild, catering to the investor's strategy to optimize returns.
* Proximity to downtown Chattanooga and major transportation routes, enhancing tenant appeal and property value.
* Situated in a neighborhood with rising property values, suggesting a favorable trend for future investment growth.
Investment Highlights:
* Value-Add Opportunity: With the property being sold ''as is,'' investors have a blank slate to implement a value-add strategy. Whether through modernizing the existing structure or constructing a new development, the potential for significant appreciation and ROI is substantial.
* Strategic Location: Red Bank's proximity to key attractions and the economic hub of Chattanooga positions this property as an attractive offering for both residential and possibly mixed-use developments, subject to zoning regulation
This property represents a rare opportunity to shape Chattanooga's skyline and community. Whether you're aiming to create a residential haven or explore mixed-use possibilities, 442 Hedgewood Drive offers the foundation for a lucrative investment. Act now to leverage this chance to build your legacy in Chattanooga's promising real estate landscape.
1390771
MLSⓇ ID
April 24, 2024
Listed
May 9, 2024
Updated
Map
442 Hedgewood Dr
Chattanooga TN, 37405
Interior Features
Total Stories
1
Bedrooms
3
Total Bathrooms
2
Interior Features
Shared Bath
Appliances
None
Fireplace
No
Cooling
No
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.16 Acres
Exterior Features
None
Roof
Shingle
School Information
High School
Red Bank High School
Elementary School
Red Bank Elementary
Other Property Details
Area Name
Red Bank
Taxes
$1,615
Tax Frequency
Annually
Garage
No
Parking
None
View
No
County
Hamilton
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
5/8/2024 | Pending | — |
5/7/2024 | Active | — |
4/29/2024 | Under Contract | — |
Courtesy of Berkshire Hathaway HomeServices Realty Center
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lawrence Team Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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