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*Two Homes on One Lot in the Heart of Red Bank* Investor Opportunity - Please Do Not Disturb Tenants Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house). The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement"”both homes with solid foundations and great bones. Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal. Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential. With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank. Don't miss out on this exceptional investment opportunity. *Information is deemed reliable but buyer is responsible for due diligence.*
Property Type(s):
Multi Family
| Last Updated | 4/9/2025 | Tract | Sherrill Oakwood |
|---|---|---|---|
| Year Built | 1956 | Community | Red Bank |
| County | Hamilton |
SCHOOLS
| Elementary School | Red Bank Elementary |
|---|---|
| Jr. High School | Red Bank Middle |
| High School | Red Bank High School |
Additional Details
| AIR | Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Red Bank |
| LOT | 0.67 acre(s) |
| LOT DIMENSIONS | 155X195 |
| PARKING | Driveway, Garage |
| SEWER | Septic Tank |
| STORIES | 2 |
| SUBDIVISION | Sherrill Oakwood |
| TAXES | 1968.51 |
| WATER | Public |
Location
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Listing Courtesy of RE/MAX Renaissance Realtors
IDX information is provided exclusively for consumers’ personal, noncommercial use, that it 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.
Keller Williams 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.
This site was last updated on 4/29/25 9:10 AM PDT
Copyright© 2002 by Chattanooga Association of REALTORS®
This IDX solution is (c) Diverse Solutions 2025.
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