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    16 W Bell Ave

    Chattanooga, TN 37405
    • $550,000
    • STATUS: Active
    • ON SITE: 91 Days
    • MLS #: 1340113
    $550,000
    • 2
      BEDS
    • 0.19
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 750
      SQFT
    • $733
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1940
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Package deal in North Chattanooga that serves as an incredible redevelopment or investment opportunity! 16 W Bell Ave & 22 W Bell Ave are two adjacent parcels being sold together for a package price of $550,000; together they sit on approximately 0.37 acres just one block from N Market St. Currently the parcels are home to two rental properties, and the gravel lot in-between is being rented for extra parking. Total GMI for these three rental sources is $2,600. There is a third adjacent home on Spears that could be sold with the two properties on W Bell for an additional cost, but the Spears property does have a contract in place with the City of Chattanooga for affordable housing which is in effect until 2027.The parcels offer much flexibility in terms of desired use; they could remain as rental properties, be replaced by larger single family homes, or become a site for new townhomes. Situated within walking or biking distance of an abundance of grocery stores, restaurants, local shops, and parks, and just a short drive to US-27 access and downtown Chattanooga. Since the properties are tenant occupied, an accepted letter of intent or contract will need to be in place before showings can be scheduled. Call for more information.

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    © 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Jooma Team | Keller Williams Greater Downtown Realty does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The Jooma Team | Keller Williams Greater Downtown Realty. This site was last updated on 2021-10-23T00:08:34.963.
    www.kellyjoomateam.com/homes/119665040
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    16 W Bell Ave Chattanooga, TN 37405

    • Price: $550,000
    • Status: Active
    • MLS #: 1340113
    2
    Beds
    1
    Baths
    0
    ½ Baths
    0.19
    Acres
    750
    SQFT
    $733
    $/SQFT
    1940
    Built
    Neighborhood:
    North Chatt Land Co
    County:
    Hamilton
    Area:
    Chattanooga
    Elementary School:
    Red Bank Elementary
    Middle School:
    Red Bank Middle
    High School:
    Red Bank High School
    Property Description
    Package deal in North Chattanooga that serves as an incredible redevelopment or investment opportunity! 16 W Bell Ave & 22 W Bell Ave are two adjacent parcels being sold together for a package price of $550,000; together they sit on approximately 0.37 acres just one block from N Market St. Currently the parcels are home to two rental properties, and the gravel lot in-between is being rented for extra parking. Total GMI for these three rental sources is $2,600. There is a third adjacent home on Spears that could be sold with the two properties on W Bell for an additional cost, but the Spears property does have a contract in place with the City of Chattanooga for affordable housing which is in effect until 2027.The parcels offer much flexibility in terms of desired use; they could remain as rental properties, be replaced by larger single family homes, or become a site for new townhomes. Situated within walking or biking distance of an abundance of grocery stores, restaurants, local shops, and parks, and just a short drive to US-27 access and downtown Chattanooga. Since the properties are tenant occupied, an accepted letter of intent or contract will need to be in place before showings can be scheduled. Call for more information.
    Exterior Features

    Exterior Siding Exterior Features Patio/DeckPorch Covered Foundation Block Garage Parking Off Street Parking Lot Description Flood Ins May Be RequiredGradual SlopingLevel Lot Size Dimensions 79X100 Roof Metal Windows Vinyl

    Interior Features

    Appliances DishwasherElectric Range - Free StandingRefrigeratorWater Heater - ContinuousWater Heater - Electric Basement Crawl Space Baths Total 1.00 Beds And Baths Tub/Shower Combo Cooling CentralElectric Dining Combined W/Living Equipment Smoke Detector Fireplaces 0.00 Heating CentralElectric Interior Features Galley KitchenLaundry RoomWasher & Dryer Hookup Number Of Rooms 6 Rooms BedroomFull BathroomKitchenLaundryLiving Room

    Property Features

    Association Fee 0 Auction No Builders Warranty No Community Features Sidewalks Description 1 Level Financing CashConventional Green Features Central AirCentral HeatCurbside Recycling Home Warranty No Possession Day Of Closing Senior Community YN No Taxes 876.08 Type Of Sale Investor Utilities Cable Lines/Above GroundElectric Lines/Above Ground Water Sewer On SewerPublic Water

    Listing information © 2021 The Multiple Listing Service of Chattanooga, Inc.
    Listing courtesy of Chattanooga Real Estate Group Llc.



    © 2021 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Jooma Team | Keller Williams Greater Downtown Realty does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS or The Jooma Team | Keller Williams Greater Downtown Realty. This site was last updated on 2021-10-23T00:08:34.963.
     
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    The Jooma Team | Keller Williams Greater Downtown Realty
    1830 Washington Street
    Chattanooga TN, 37408