123 Yother Lane
Property Description
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.** Unit 113/115- Roof 2023 Unit 115 - new dishwasher & fridge 2025 Unit 119 - remodel 2/26 Unit 121 - HVAC 10/25, Dishwasher 12/24, stove and microwave vent hood 1/23 Unit 123 - Stove and dishwasher 10/22 Unit 130 - Garage Door 2/26, Roof 2023 for whole building, new appliances 1/23 Unit 132 - Garage door 2/26
Broker Details
Real Estate Partners Chattanooga LLC (423) 265-0088
MLS ID: 9553 State License Number: 324028
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,870,000 |
| No. of Units: | 10 |
| Year Built: | 1988 |
| Lot Size: | 3,576.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $187,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 16 |
ID: 3yd-CARTN-1543177
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