959 W Elmwood Dr
Chattanooga, TN 37405
Land for Multi-Family Development · Land For Sale
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0.89 AC
Investment Highlights
- Zoned R-2
- Convenient location near downtown
- Located in desirable rental area
Property Facts
Description
Welcome to 959 W Elmwood Dr, a 2 bedroom, 1 bathroom home sold with the adjacent vacant lot at 958 Beason Dr. Zoned R-2 with 0.89 acres and road frontage on both Beason Dr and W Elmwood Dr, this property offers great potential to subdivide the lots for either single-family homes or multi-family buildings. The 2 lots are approximately 39,000 SF combined, allowing for four 75’ x 130’ lots (9,750 SF), which would exceed the 9,500 SF minimum needed for a duplex. Across the road are 4 examples of the type of duplexes that would work on this site; each of those duplexes sold for $348,000 each ($174,000 per unit). Located just minutes from NorthShore, downtown Chattanooga, and interstate access. If not interested in subdividing, the house currently on the property could be revitalized with plenty of room for an expansion and potential for an incredible spacious yard. Call today to schedule your private showing!
Property Taxes
| Parcel Number | 126O-D-012 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $35,000 |
Property Taxes
