602 Elm Avenue, Unit 1
Property Description
602 Elm Avenue | Historic Church Conversion | 4-Unit Investment Property | South Pittsburg, TN Own a piece of history -- without sacrificing modern conveniences. This one-of-a-kind 4-unit apartment building, originally built as a church and expertly converted just four years ago, offers investors a rare blend of architectural character and turnkey performance in the heart of South Pittsburg. Each of the four units has been thoughtfully appointed with stainless steel appliances -- including refrigerator, microwave, oven, and dishwasher -- durable LVP flooring, and the highly sought-after convenience of in-unit washer and dryer. All units include dedicated parking and access to a shared outdoor space. Unit Mix: Unit 1: 3 Bed / 2 Bath Unit 2: 2 Bed / 1 Bath Unit 3: 2 Bed / 2 Bath Unit 4: 2 Bed / 1 Bath The property has maintained consistent occupancy since its renovation, reflecting strong tenant demand and the quality of the finished product. Soaring ceilings, original architectural details, and a distinctive character set this building apart from standard multifamily offerings -- while the updated interiors keep maintenance low and tenant satisfaction high. Three of the four units are currently leased, with Unit 4 now vacant and available. This presents a great opportunity to live in one of the apartments and rent the other three -- or to place a new tenant in Unit 4 at market rent. Seller is offering a home warranty from First American Home Warranty! A rare chance to see the inside before you buy: because Unit 4 is vacant, the seller is welcoming showings of that unit now, while a new tenant search is underway -- with no disruption to the building's other tenants. This is a unique opportunity to walk the interior finishes firsthand before submitting an offer. Once Unit 4 is leased, the property will return to full occupancy, and out of respect for tenant privacy, showings of the occupied units will require a formal offer and proof of funds. A stable, income-producing asset with soul -- opportunities like this don't come around often.Broker Details
Real Estate Partners Chattanooga LLC (423) 265-0088
MLS ID: 13888 State License Number: 356940
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $682,000 |
| No. of Units: | 4 |
| Year Built: | 1975 |
| Lot Size: | 4,553.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $170,500 |
| Property Website | Click Here |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 6 |
ID: 3yd-CARTN-1533145
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