Instant equity! Priced below appraised value! Amazing opportunity to own income producing property in the heart of Chattanooga's Northshore. 3 bedroom/1 bath unit on main rented at $1700 thru 12/19/2027. 1 bedroom/1 bath unit rented at $1150 thru 2/28/2026, efficiency rented at $950 thru 4/30/2026. This prime location is across from a community park with playground and tennis, and is in close proximity to Walnut Street bridge, boutiques, dining, grocery and entertainment. Set in a lovely neighborhood, in a good school district, with sidewalks and mature landscaping, just across from tennis and a playground, this location can not be beat! Selling as part of a 1031 exchange, with existing tenants.
Property Features
Parking
Alley Access
On Street
Unpaved
Cooling Information
Central Air
Electric
Heating Information
Central
Other
Utilities
Electricity Available
Water Available
Water Features
Public
School Information
School Information for 407 Colville St, Chattanooga, TN 37405
Elementary School
Normal Park Museum Magnet School
Middle School
Normal Park Museum Magnet School
High School
Red Bank High School
Listing Courtesy: HomeSmart - 404-876-4901
Based on information submitted to the MLS GRID as of 2025-12-19 20:09:29 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Last Updated: 2025-12-19 20:09:29
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