$140,000
4 beds 2 baths 2 half baths 2,232 sq. ft.
35.100643 -85.314401
FOR SALE

507 Mountain Ridge Rd Chattanooga, TN 37405

$140,000
Est. Monthly $773 with $1,931 in taxes recalculate
4 beds 2 baths 2 half baths 2,232 sf
 

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CENTURY 21 Professional Group
16875 Rankin Avenue
Dunlap, TN 37327
423.­949.7653
423.­949.7653
CENTURY 21 Professional Group
16875 Rankin Avenue Dunlap, TN 37327
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507 Mountain Ridge Rd
Chattanooga, TN 37405

Explore This Property

Multi-Family (2-4 Units) - Three duplexes in a desirable rental area make this a great investment opportunity. 507, 517, and 523 Mountain Ridge Rd are contiguous to each other in a quiet Red Bank neighborhood. They offer expansive yards with privacy as well as quick access to downtown and Hixson. Total GMI for the 6 units is $4,150, and they are always 100% occupied. Letter of intent required prior to viewing the interior of the properties. All three can be purchased for $425,000.
MLS # 1261846
Courtesy Of Real Estate Partners Chattanooga LLC

Property Features

  • Age: 41-50 Years Old
  • Amenities: Deck, Patio
  • Appliances: Oven, Refrigerator
  • Architecture Style: Other
  • Cooling System: Central A/C
  • Exterior Type: Block, Brick
  • Fireplace: Fireplace
  • Heating Fuel: Electric
  • Heating System: Fireplace
  • Parking Type: Off Street
  • Roof Type: Composition Shingle
  • Rooms: Bedroom, Full Bath, Half Bath

  • Purchase or Lease Opportunities

    Traditional Mortgage
    30 year mortgage at 3.38% APR
    $773Your estimated monthly payment
    $28,00020% Down Payment
    $140,000 $126,000 $1,931
    purchase price loan amount property tax (est)
    Explore Mortgage Options
    Program Details
    *Neither Century 21 Real Estate LLC nor any of its franchisees or other affiliated companies provides, or is in any way responsible, for any product or service offered by Home Partners of America.

  • Elementary School
    RED BANK ELEMENTARY SCHOOL
    Grades PRESCHOOL-5 | Public School

    CHATTANOOGA, TN 37405
    1100 MOUNTAIN CREEK RD
    423-874-1917
    0.9
    miles

    Total Students 670
    Student Teacher Ratio 14:1

    School Rating

    2 stars View School Details
    Middle School
    RED BANK MIDDLE SCHOOL
    Grades 6-8 | Public School

    CHATTANOOGA, TN 37415
    3701 TOM WEATHERS DR
    423-874-1908
    1.5
    miles

    Total Students 655
    Student Teacher Ratio 13:1

    School Rating

    1 star View School Details
    High School
    RED BANK HIGH SCHOOL
    Grades 9-12 | Public School

    CHATTANOOGA, TN 37415
    640 MORRISON SPRINGS RD
    423-874-1900
    1.7
    miles

    Total Students 810
    Student Teacher Ratio 13:1

    School Rating

    1 star View School Details
    Other Nearby Schools Distance Type Grades School Rating Parent Rating
    Scenic Land School 1.3 mi Private K-8
    Baylor School 1.6 mi Private 6-12
    Chatt High Center For Creative Arts 1.7 mi Public 6-12
    The Bright School 1.8 mi Private PRESCHOOL-5
    Scholze Center 2.3 mi Private 7-12
    Rivermont Elementary School 2.3 mi Public PRESCHOOL-5
    Normal Park Museum Magnet School 2.4 mi Public PRESCHOOL-3
    St. Peters Episcopal School 2.7 mi Private PRESCHOOL-5
    Girls Preparatory School 2.8 mi Private 6-12
    St Jude School 3.0 mi Catholic PRESCHOOL-8
    Thrasher Elementary School 3.1 mi Public K-5
    Tennessee Aquarium 3.1 mi Private K-12
    Alpine Crest Elementary School 3.3 mi Public K-5
    Dupont Elementary School 3.6 mi Public K-5
    Chattanooga School For Arts & Sciences (6-12) 3.7 mi Public 6-12
    Chattanooga School For The Arts & Science (k-5) 3.7 mi Public K-5
    Siskin Early Learning Center 4.0 mi Private PRESCHOOL-K

    Local Area Information for Chattanooga, TN 37405

    Median Age: 37
    Married: 35.0%
    Number of Households: 8,512
    Households with Children: 1,487
    • Occupancy Types
      • 0 Vacant
      • 0 Owned
      • 0 Rented
    • Transportation to Work
      • 0 Drive
      • 0 Public Transportation
      • 0 Walk / Bike / Other
      • 0 Work at Home
    (in Degrees Fahrenheit)
      Visit Area Info Page

      Copyright © 2017 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is 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.
      Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed.
      Sources: Maponics, LLC and Onboard Informatics ©2016. School Performance data by SchoolDigger.com. School Review data by Niche.com. This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
      † Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
      The Multi-Family (2-4 Units) located at 507 Mountain Ridge Rd, Chattanooga, TN 37405 is currently for sale. 507 Mountain Ridge Rd, Chattanooga is listed for $140,000. This property has 4 bedrooms, 2 full bathrooms, 2 half bathrooms, and approximately 2,232 square feet. If the property located at 507 Mountain Ridge Rd, Chattanooga, TN isn't what you're looking for, search Tennessee real estate to see other houses for sale in Chattanooga.