3332 Roadrunner Trail

Property 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 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.

Overview

Property Status

Sold

MLS ID

2699141

Property Type

Residential

Year Built

1973

Are you interested?

Schedule a Tour

Grace Frank

(423) 544-7156 [email protected]

Features & Amenities

Total Area

8,336 Sq.Ft.

Stories

Water Source

Public

Utilites

Water Available

Roof

Metal

Parking

Detached

Heat Type

Central, Electric

Air Conditioning

Central Air, Electric

Elementary School

East Lake Elementary School

Middle School

East Lake Academy Of Fine Arts

High School

Howard School Of Academics Technology

Sales Price

$1,100,000

Real Estate Tax

$6,012/yr

Schedule a Tour

We would love to help you see this beautiful home! As a full-service brokerage, we can help you tour. Please submit an offer, and answer questions about the buying process.

In Person

Via Video Chat

Your full name*

Your Phone*

E-mail Address*

Middle Name

I agree to be contacted by Grace Frank Group via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy.

Change time

Thank you

for your interest in 3332 Roadrunner Trail, Chattanooga, TN 37407

Browse Our

Featured Properties

For Sale

$27,500,000

0 New Bethel Road, Dayton, TN 37321
For Sale

$4,999,000

7610 Standifer Gap Road, Chattanooga, TN 37421
For Sale

$4,999,000

7610 Standifer Gap Road, Chattanooga, TN 37421
For Sale

$3,300,000

7521 Shallowford Road, Chattanooga, TN 37421
For Sale

$3,300,000

7521 Shallowford Road, Chattanooga, TN 37421
For Sale

$1,600,000

6423 Ac Worley Road, Soddy Daisy, TN 37379
For Sale

$800,000

30 Ac Worley Road, Soddy Daisy, TN 37379
Active Under Contract
$695,000

380 Wedgewood Lane, Spring City, TN 37381
- 5 Beds
- 3 Baths
- 3,157 Sq.Ft.
For Sale
$625,000

405 Boone Pass, Jasper, TN 37347
- 3 Beds
- 2 Baths
- 2,024 Sq.Ft.
For Sale
$625,000

405 Boone Pass, Jasper, TN 37347
- 3 Beds
- 2 Baths
- 2,024 Sq.Ft.
For Sale
$550,000

330 Tremont Street, Chattanooga, TN 37405
- 3 Beds
- 3 Baths
- 1,496 Sq.Ft.
For Sale
$550,000

330 Tremont Street, Chattanooga, TN 37405
- 3 Beds
- 3 Baths
- 1,496 Sq.Ft.
For Sale
$550,000

7392 Paxton Circle, Hixson, TN 37343
- 4 Beds
- 4 Baths
- 2,430 Sq.Ft.
For Sale
$550,000

7392 Paxton Circle, Hixson, TN 37343
- 4 Beds
- 4 Baths
- 2,430 Sq.Ft.
For Sale
$475,000

9151 Dallas Hollow Road, Soddy Daisy, TN 37379
- 3,400 Sq.Ft.
For Sale
$475,000

9151 Dallas Hollow Road, Soddy Daisy, TN 37379
- 3,400 Sq.Ft.
For Sale
$450,000

7618 Asherton Lane, Chattanooga, TN 37421
- 5 Beds
- 3 Baths
- 2,687 Sq.Ft.
For Sale
$450,000

7618 Asherton Lane, Chattanooga, TN 37421
- 5 Beds
- 3 Baths
- 2,687 Sq.Ft.
Pending
$435,000

4707 Jody Lane, Chattanooga, TN 37416
- 4 Beds
- 3 Baths
- 1,900 Sq.Ft.
For Sale

$425,000

11003 Worley Road, Soddy Daisy, TN 37379
For Sale

$425,000

11003 Worley Road, Soddy Daisy, TN 37379
For Sale
$425,000

189 Sierra Drive, Dayton, TN 37321
- 5 Beds
- 3 Baths
- 1,950 Sq.Ft.
For Sale
$425,000

189 Sierra Drive, Dayton, TN 37321
- 5 Beds
- 3 Baths
- 1,950 Sq.Ft.
Pending
$425,000

4094 University Drive, Ooltewah, TN 37363
- 5 Beds
- 3 Baths
- 2,653 Sq.Ft.
Pending
$425,000

4094 University Drive, Ooltewah, TN 37363
- 5 Beds
- 3 Baths
- 2,653 Sq.Ft.
Active Under Contract
$385,000

1575 Thompson Creek Road, Morristown, TN 37813
- 4 Beds
- 1 Bath
- 2,165 Sq.Ft.
Pending
$385,000

1575 Thompson Creek Road, Morristown, TN 37813
- 4 Beds
- 1 Bath
- 2,165 Sq.Ft.
For Sale
$379,000

185 Waters Edge Drive, Spring City, TN 37381
- 3 Beds
- 2 Baths
- 2,258 Sq.Ft.
For Sale
$379,000

185 Waters Edge Drive, Spring City, TN 37381
- 3 Beds
- 2 Baths
- 2,258 Sq.Ft.
Pending

$325,000

0 Worley Road, Lot 19, Soddy Daisy, TN 37379
For Sale
$325,000

1619 E 12th Street, 109, Chattanooga, TN 37404
- 2 Beds
- 2 Baths
- 985 Sq.Ft.
For Sale
$325,000

1619 E 12th Street Unit: 109, Chattanooga, TN 37404
- 2 Beds
- 2 Baths
- 985 Sq.Ft.
Pending
$309,000

5745 Antonio Lane, Hixson, TN 37343
- 3 Beds
- 2 Baths
- 2,050 Sq.Ft.
Active Under Contract
$309,000

5745 Antonio Lane, Hixson, TN 37343
- 3 Beds
- 2 Baths
- 2,050 Sq.Ft.
For Sale
$300,000

1414 Continental Drive, 407+409, Chattanooga, TN 37405
- 2 Beds
- 2 Baths
- 1,323 Sq.Ft.
For Sale
$300,000

1414 Continental Drive Unit: 407+409, Chattanooga, TN 37405
- 2 Beds
- 2 Baths
- 1,323 Sq.Ft.
Pending
$300,000

4739 Tessie Lane, Hixson, TN 37343
- 1,844 Sq.Ft.
Pending
$300,000

4739 Tessie Lane, Hixson, TN 37343
- 1,844 Sq.Ft.
For Sale
$300,000

7641 Boriss Drive, Chattanooga, TN 37416
- 4 Beds
- 3 Baths
- 1,827 Sq.Ft.
For Sale
$300,000

7641 Boriss Drive, Chattanooga, TN 37416
- 4 Beds
- 3 Baths
- 1,827 Sq.Ft.
For Sale

$299,000

0 Big Soddy Drive, Soddy Daisy, TN 37379
For Sale

$299,000

0 Big Soddy Drive, Lot 12, Soddy Daisy, TN 37379
Active Under Contract
$295,000

704 Annadell Road, Lancing, TN 37770
- 4 Beds
- 1 Bath
- 1,562 Sq.Ft.
Active Under Contract
$289,900

5429 School Drive, Hixson, TN 37343
- 2 Beds
- 2 Baths
- 1,400 Sq.Ft.
Pending
$289,900

5429 School Drive, Hixson, TN 37343
- 2 Beds
- 2 Baths
- 1,400 Sq.Ft.
Active Under Contract

$285,000

0 Worley Road, Soddy Daisy, TN 37379
Pending

$285,000

0 Worley Road, Lot 14, Soddy Daisy, TN 37379
Active Under Contract

$280,000

0 Worley Road, Soddy Daisy, TN 37379
Pending

$280,000

0 Worley Road, Lot 27, Soddy Daisy, TN 37379
Active Under Contract

$275,000

0 Worley Road, Soddy Daisy, TN 37379