515 Forest Avenue a multi-family property currently being used as an apartment rental with recent updates to transform the two street level units into Air B & B rentals.
Built in the early 1900’s the converted residence is constructed on a 90.5′ x 208′ lot with foliage hidden views of Stringer’s Ridge. Zoned R-3 Special Conditions this property has the potential to house 2 condos, a total of 8 units (or apartments) if the current house were demolished with the further potential to increase the number of units with a zoning variance.
Location: 515 Forest Avenue, Chattanooga, TN 37405
Transaction Amount: $599,000.00