Description
Welcome home to Lookout Ridge Place, a wonderful retreat atop Lookout Mountain! This 5 bed, 3 bath property has been fully remodeled and includes a delightful family home with a separate mother-in-law suite. This property is also a proven income producing short term vacation rental. Average net income from July-September 2022 is $4,735 per month, and this investment has an opportunity for up to an additional $1,225 per month if the owner self-manages and cleans the property. Just 3 miles south of Covenant College, this property is surrounded by peaceful woods with multiple outdoor seating areas to enjoy the natural surroundings. No detail has been overlooked, including additional parking areas for guests, built-in video surveillance, loads of storage including a large separate storage room for supplies and storage shed, low maintenance upgrades, and more! Submit your offer today and enjoy the growing booking history the current owners have diligently built over the past several months!
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5BEDS
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1.29ACRES
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3BATHS
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01/2 BATHS
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3,487SQFT
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$120$/SQFT
School Information
Description
Welcome home to Lookout Ridge Place, a wonderful retreat atop Lookout Mountain! This 5 bed, 3 bath property has been fully remodeled and includes a delightful family home with a separate mother-in-law suite. This property is also a proven income producing short term vacation rental. Average net income from July-September 2022 is $4,735 per month, and this investment has an opportunity for up to an additional $1,225 per month if the owner self-manages and cleans the property. Just 3 miles south of Covenant College, this property is surrounded by peaceful woods with multiple outdoor seating areas to enjoy the natural surroundings. No detail has been overlooked, including additional parking areas for guests, built-in video surveillance, loads of storage including a large separate storage room for supplies and storage shed, low maintenance upgrades, and more! Submit your offer today and enjoy the growing booking history the current owners have diligently built over the past several months!
9999 Scenic Hwy Lookout Mountain, GA 30750
Property Description
Exterior Brick Exterior Features Guest HouseOut BuildingPatio/DeckPatio/Deck CoveredPorchPorch Covered Foundation Block Garage Parking 1 Car CarportMain LevelOff Street Parking Lot Description Gradual SlopingWooded Lot Size Dimensions 194X227 Roof AsphaltShingle Windows AluminumInsulatedStorm
Appliances DishwasherDryerElectric Range - Free StandingRefrigeratorWasherWater Heater - Electric Basement Crawl Space Baths Total 3.00 Beds And Baths Master On Main Level Cooling 2 Or More UnitsCentralElectric Dining Eat-In-Kitchen Equipment Smoke Detector Fireplace Gas LogsIn Living Room Fireplaces 1.00 Floors Linoleum Heating 2 Or More UnitsElectricPropane/Butane Interior Features Attic Storage - CeilingLaundry ClosetWalk-In Closet Number Of Rooms 7
Association Fee 0 Auction No Builders Warranty No Community Features Historic DistrictRural Description 1 Level Financing CashConventionalFhaVa Home Warranty No Senior Community YN No Taxes 1450.70 Type Of Sale Home Owner Utilities Cable Lines/Above GroundElectric Lines/Above Ground Water Sewer Public WaterSeptic Tank
Listing information © 2023 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Better Homes And Gardens Real Estate Signature Brokers: (423) 362-4444.
