Investment Opportunity: 442 Hedgewood Drive, Chattanooga, TNDiscover 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… Read More 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 regulationThis 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. Read Less
Courtesy of Michael Schmitt, Berkshire Hathaway HomeServices Realty Center.
Listing Snapshot
Days Online
0
Last Updated
May 4, 2024
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,635
Lot Size
0.16 Acres
Year Built
1930
MLS Number
1390771
30 Days Snapshot Of 37405
$529K
-13%
(avg) sold price
31
+10%
homes sold
73
-15%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Basement
None
Building
1,635 total sqft (approximate), Built in 1930, Shared Bath
Community
55+ Community: No
Cooling
None
Dining Room
Combined w/Living
Exterior Features
None, Siding
Foundation
Stone/Masonry
Heating
None
Home Owner's Association
Fee: 0, Frequency: Not Applicable
Lot
Dimensions: 147.6X98, 0.16 acres
Parking
None
Property
1 Level
Roof
Shingle
Taxes
Taxes: 1615.00
Utilities
Telephone Lines/Above Ground, Public Water
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