123 Yother Lane, Chattanooga, TN 37415

$1,870,000

Price: $1,870,000
Acres: 2.02 acres
Per Acre: $925,743 / acre
Beds: 24
Sq Ft: 3,576
County: Hamilton
Type: Duplex
MLS #: 1543177

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About This Property

Investment opportunity in Red Bank featuring five well-maintained duplexes with 10 fully occupied units, plus two adjacent vacant lots offering future development potential. Listed under 123 Yother Lane, the portfolio includes multiple properties and addresses being offered together. Nine of the 10 units are currently month-to-month, giving a new owner flexibility to gradually increase rents and make updates as units turn over. Utilities are separately metered and paid by tenants, and the properties have been well maintained, with many featuring brick construction. The two vacant lots are located alongside the existing duplexes and are currently zoned RN-2, offering potential for additional residential development subject to buyer verification. Conveniently located near Downtown Chattanooga, Hixson shopping and dining, and major roadways, this portfolio combines immediate income with opportunities for rental growth and future expansion. Seller prefers to sell the five duplexes together but may consider selling the vacant lots separately. **No showings until acceptable offer as there are current tenants living in the units.**

Listing courtesy of Real Estate Partners Chattanooga LLC. Listing agent: Sarah E Brogdon.