3332 Roadrunner Trail, Chattanooga, TN 37407 (MLS# 1388864)

3332 Roadrunner Trail, Chattanooga, TN 37407

$1,100,000

Property Type: Residential Income Square Footage: 8,336 Lot Size (sq. ft.): 95,397 Status: Closed

Current Price: $1,100,000 List Date: 3/21/2024 Last Modified: 6/16/2025

Overview

Description

Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality. The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as ... (Read more)

Listing Details MLS# 1388864

General Property Information

Number Of Units Total: 8
Stories: 2
Living Area: 8336
Year Built: 1973
New Construction YN: No
Home Warranty YN: No
Garage YN: No
Attached Garage YN: No
Carport YN: No
Lot Size Acres: 2.19
Lot Size Square Feet: 95396.76
Lot Size Dimensions: 541.75x176.09
Association YN: No
View YN: Yes
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 155.83
Sold Price/SqFt: 131.96

Property Features

Construction Materials: Other Cooling: Central Air; Electric Current Financing: Conventional Exterior Features: Private Yard Flooring: Luxury Vinyl; Plank Foundation Details: Slab Heating: Central; Electric Interior Features: Open Floorplan Levels: Two Listing Terms: Cash; Conventional Lot Features: Cul-De-Sac; Sloped; Split Possible Parking Features: Off Street Possession: Close Of Escrow Roof: Metal; Shingle Special Listing Conditions: Investor Tenant Pays: All Utilities; Electricity; Sewer; Water Utilities: Cable Available; Sewer Connected View: Other Water Source: Public

Contract Information

Auction YN: No
Listing Contract Date: 2024-03-21
Property Sub Type: Duplex
Occupant Type: Tenant

Location Tax and Legal

Street Number: 3332
Street Name: Roadrunner
Street Suffix: Trail
County: Hamilton
State: TN
Postal Code: 37407
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality. The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor. Historically achieving full occupancy, one unit, in particular, has served as a successful mid-term rental over the past year, averaging $1,500 per month in revenue. Long-term rental rates vary between $940 and $1,300 per month. Located conveniently close to downtown and all three major hospitals, the property is perfectly positioned to cater to the needs of traveling medical professionals seeking mid-term rental options. Nestled at the end of a quiet dead-end street, it offers tenants a peaceful living environment with minimal traffic noise and picturesque views of downtown. This complex not only promises the potential for rental rate increases but also minimal maintenance requirements for the foreseeable future, marking it as a steadfast investment opportunity. An available short-term rental unit is open for preview. Interested parties are encouraged to contact us for a private showing and to explore the unique prospects this property offers.
Directions: To reach 3332 Roadrunner Tr in Chattanooga, TN 37407, take I-24 East from downtown Chattanooga. Use Exit 181 for Germantown Rd, then turn right onto Germantown Rd. Afterward, make a left onto Tunnel Blvd and continue onto 35th St. Take a left onto 10th Ave, followed by a right onto Sheridan Ave. Proceed with a left onto Roanoke Ave, and finally, make a right onto Roadrunner Tr. The destination will be situated on your left.

Status Change Information

Major Change Timestamp: 2024-09-02T14:33:14Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-11T13:59:26Z
Status Change Timestamp: 2024-09-02
Under Contract Date: 2024-05-06
Close Date: 2024-08-13
Close Price: 1100000

More Information

Unit 1

Unit Number: 3332
Actual Rent: 1250
Unit SqFt: 1288
Baths Total (Legacy): 1.5
Kitchen: Yes
Living Room: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 2

Unit Number: 3334
Actual Rent: 940
Unit SqFt: 960
Baths Total (Legacy): 1.5
Kitchen: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 3

Unit Number: 3338
Actual Rent: 1050
Unit SqFt: 960
Baths Total (Legacy): 1.5
Kitchen: Yes
Living Room: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 4

Unit Number: 3340
Actual Rent: 975
Unit SqFt: 960
Baths Total (Legacy): 1.5
Kitchen: Yes
Living Room: Yes
Microwave: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 5

Unit Number: 3308
Actual Rent: 1150
Unit SqFt: 960
Baths Total (Legacy): 1.5

Unit 6

Unit Number: 3310
Actual Rent: 1300
Unit SqFt: 1288
Baths Total (Legacy): 2

Unit 7

Unit Number: 3316
Unit SqFt: 960
Baths Total (Legacy): 1.5

Unit 8

Unit Number: 3314
Unit SqFt: 960
Baths Total (Legacy): 1.5

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 265082
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 305329

Historical Information

Public Historical Remarks 1: Lot Description: Mineral Rights Reserved. Owner Pays: None. Unit 1 Features: + Half Bath, 1 Bath. Unit 2 Features: + Half Bath, 1 Bath. Unit 3 Features: + Half Bath, 1 Bath. Unit 4 Features: + Half Bath, 1 Bath.

Location, Tax, and Legal

Parcel Number: 168c B 033.01 See Exhibit
Office Exclusive: No
Elementary School: East Lake Elementary
Middle Or Junior School: East Lake Academy of Fine Arts
High School: Howard School of Academics & Tech
Tax Annual Amount: 6011.62
Tax Legal Description: See Exhibit
Deed Book: 9855
Deed Page: 313

Construction Materials

Other: Yes

Exterior Features

Private Yard: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Cul-De-Sac: Yes
Sloped: Yes
Split Possible: Yes

Possession

Close Of Escrow: Yes

Special Listing Conditions

Investor: Yes

Utilities

Cable Available: Yes
Sewer Connected: Yes

View

Other: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Foundation Details

Slab: Yes

Parking Features

Off Street: Yes

Tenant Pays

All Utilities: Yes
Electricity: Yes
Sewer: Yes
Water: Yes

Current Financing

Conventional: Yes

Levels

Two: Yes

Flooring

Luxury Vinyl: Yes
Plank: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Open Floorplan: Yes

Roof

Metal: Yes
Shingle: Yes

Documents

Lead Based Paint Disclosure ›

Confirmation of Agency ›

Other ›

Seller's Disclosure ›

Other 1 ›

Listing Office: Zach Taylor - Chattanooga

Last Updated: June - 16 - 2025

Information deemed reliable but not guaranteed.