Description
Welcome to 959 W Elmwood Dr, a 2 bedroom, 1 bathroom home sold with the adjacent vacant lot at 958 Beason Dr. Zoned R-2 with 0.89 acres and road frontage on both Beason Dr and W Elmwood Dr, this property offers great potential to subdivide the lots for either single-family homes or multi-family buildings. The 2 lots are approximately 39,000 SF combined, allowing for four 75' x 130' lots (9,750 SF), which would exceed the 9,500 SF minimum needed for a duplex. Across the road are 4 examples of the type of duplexes that would work on this site; each of those duplexes sold for $348,000 each ($174,000 per unit). Located just minutes from NorthShore, downtown Chattanooga, and interstate access.If not interested in subdividing, the house currently on the property could be revitalized with plenty of room for an expansion and potential for an incredible spacious yard. Call today to schedule your private showing!
-
2BEDS
-
0.89ACRES
-
1BATHS
-
01/2 BATHS
-
1,332SQFT
-
$112$/SQFT
School Information
Description
Welcome to 959 W Elmwood Dr, a 2 bedroom, 1 bathroom home sold with the adjacent vacant lot at 958 Beason Dr. Zoned R-2 with 0.89 acres and road frontage on both Beason Dr and W Elmwood Dr, this property offers great potential to subdivide the lots for either single-family homes or multi-family buildings. The 2 lots are approximately 39,000 SF combined, allowing for four 75' x 130' lots (9,750 SF), which would exceed the 9,500 SF minimum needed for a duplex. Across the road are 4 examples of the type of duplexes that would work on this site; each of those duplexes sold for $348,000 each ($174,000 per unit). Located just minutes from NorthShore, downtown Chattanooga, and interstate access.If not interested in subdividing, the house currently on the property could be revitalized with plenty of room for an expansion and potential for an incredible spacious yard. Call today to schedule your private showing!
© 2020 Chattanooga Association of REALTORS®. INFORMATION DEEMED RELIABLE BUT NOT GUARANTEED. The site does not contain all listings available through the MLS. The Hollis Group | The James Company does not display the entire MLS of Chattanooga, Inc. database on this website. The listings of some real estate brokerage firms have been excluded. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Hollis Group | The James Company. This site was last updated on 2020-10-28T09:38:11.867.
Listing information © 2020 The Multiple Listing Service of Chattanooga, Inc.