*BANK OWNED INVESTMENT OPPORTUNITY WITH TWO LOTS AND A QUADPLEX SETUP!*
Located at 2105 & 2107 Kirby Ave, this unique RN-3 zoned property offers a great opportunity for an investor, developer, or experienced renovator ready to roll up their sleeves and unlock its potential. Originally a single family home, the property was converted and expanded into a quadplex style setup with four separate living spaces, including a rear ADU. The sale includes two lots, giving the next owner even more potential to work with. A substantial amount of renovation work has already been completed throughout the property, including roofing, flooring, drywall, and more. However, the previous owner completed the conversion, additions, and other work without obtaining the required permits. After discussions with the City of Chattanooga, additional work will be required to bring the property into compliance and restore utilities. The City has indicated that a portion of the addition to the main structure will need to be removed. The future status of the rear ADU will depend on the permitting and approval process. This is not a turnkey investment. The next owner will need to put in some work and navigate the permitting process, but with two lots, RN-3 zoning, an existing quadplex style configuration, and substantial improvements already completed, there is plenty of potential here for the right buyer. Property is bank owned and being sold as is. Buyer to independently verify zoning, permitted uses, number of units, square footage, condition, permitting requirements, utility requirements, and all other information deemed important to Buyer. Property includes both 2105 & 2107 Kirby Ave.
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Listing Snapshot
Price
$299,900
Days On Site
8 Days
Bedrooms
13
Inside Area (SqFt)
4,100 sqft
Total Baths
5
Full Baths
5
Partial Baths
N/A
Lot Size
0.3 Acres
Year Built
1930
MLS® Number
3529039
Status
Active
Property Tax
$1,416
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Builder
Friends & Family
React
Invite
Recent Activity
a week ago
Listing first seen on site
a week ago
Listing updated with changes from the MLS®
General Features
Acres
0.3
Foundation
Brick/Mortar
Levels
Three Or More
Number Of Stories
1
Parking
DetachedConcreteDrivewayGravel
Security
Smoke Detector(s)
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
4100
Style
Contemporary
Utilities
Water Available
Water Source
Public
Interior Features
Appliances
Electric RangeElectric OvenRefrigeratorBuilt-In Gas RangeBuilt-In Gas Oven
Cooling
Central Air
Flooring
Other
Heating
Central
Laundry Features
Electric Dryer HookupWasher Hookup
Bedroom 1
Dimensions - 15x12
Bedroom 2
Dimensions - 15x12
Bedroom 3
Dimensions - 15x12
Kitchen
Dimensions - 15x15
Living Room
Dimensions - 15x15
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Exterior Features
Construction Details
Other
Fencing
Front Yard
Lot Features
Other
Roof
Asphalt
Schools
School District
Unknown
Elementary School
Orchard Knob Elementary School
Middle School
Orchard Knob Middle School
High School
Howard School Of Academics Technology
Listing courtesy of Re/Max Renaissance Carter Roberson
Listings courtesy of Realtracs as distributed by MLS GRID
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