1. Tennessee
  2. Chattanooga
  3. 203 Flora Circle
$357,000

203 Flora Circle, Chattanooga, TN 37415

  • 1,716 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon0.67acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $208/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

*Two Homes on One Lot in the Heart of Red Bank* Investor Opportunity - Please Do Not Disturb Tenants Incredible investment opportunity in one of Chattanooga's most desirable and rapidly growing neighborhoods. This unique property features two tenant-occupied homes on a single lot, each with its own address: 2633 Oakwood Ave (front house) and 203 Flora Circle (rear house). The front home offers 1,092 sq ft of living space with a full unfinished basement, while the rear home includes 624 sq ft and also features an unfinished basement—both homes with solid foundations and great bones. Investors will appreciate the flexibility this property offers, with the potential to subdivide and sell individually, or hold both for long-term rental income. Surrounded by high-end new construction and just 10 minutes from downtown Chattanooga, the location adds immense value and appeal. Both homes are on month-to-month leases with long-term tenants paying well below market rents at $600 and $650/month, offering immediate upside potential. With its central location, proximity to major amenities, and vibrant community atmosphere, this is a rare chance to secure a high-potential property in Red Bank. Don't miss out on this exceptional investment opportunity. *Information is deemed reliable but buyer is responsible for due diligence.*

Listing Status:
Active
Date Added:
April 9, 2025 at 05:00AM
Listing Office:
RE/MAX Renaissance Realtors : 423-756-5700
MLS ID:
1510672
  • A/C: Window Unit(s)

This listing courtesy of RE/MAX Renaissance Realtors

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

R

Red Bank Elementary School

1100 Mountain Creek Rd, Chattanooga, TN, 37405

Grades PK-5

1.23 miles away

R

Red Bank Middle School

3701 Tom Weathers Dr, Chattanooga, TN, 37415

Grades 6-8

1.33 miles away

R

Red Bank High School

640 Morrison Springs Rd, Chattanooga, TN, 37415

Grades 9-12

1.45 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.