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16 Pioneer Ln

Ringgold, GA 30736
  • $895,000
  • STATUS: Active
  • ON SITE: 137 Days
  • MLS #: 1376746
UPDATED: 57 min ago
$895,000
  • 0
    BEDS
  • 0.48
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,977
    SQFT
  • $225
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

SELLER OFFERING OWNER FINANCING ON AN INCOME PROPERTY! 9 units in Ringgold approximately 20 minutes from downtown Chattanooga and convenient to Camp Jordan, East Brainerd, East Ridge and more! This well cared for property comes fully furnished and fully leased with the potential to convert to short-term rentals in the future if preferred. There are currently 9 units with the owner occupying the 2-bedroom unit, a one-bedroom unit, and the remainder are studios in varying sizes and configurations. The front house was originally a ranch style home which has been converted into 5 units with the rear guest house having 4 additional units plus the common laundry facility. The owner's unit is on the main level in the back building and has a kitchen open to the dining room which in turn opens to the living area. The living and dining areas have large picture windows overlooking the backyard and great natural light. The master bedroom has 2 closets, one of which is a large walk-in closet with a stackable washer and dryer. It also has shared access to the full bath with jetted tub and a separate tiled shower. In addition to being furnished, the other units feature hardwood, tile and carpet, closet systems. appliances, bedding, and linens, and 3 of the units have their own washers and dryers. There are nice outdoor living spaces with a central patio area adjoining the front and back buildings, a covered porch with entry to a common foyer on the front house and upper and lower covered decks on the back house. The front house also has an enclosed porch that is currently being used as a storage room that could potentially be converted to another studio with access to both a common and private deck. A detached outbuilding provides additional storage or workshop needs. For parking, there is a driveway on one side and a spacious common parking area on the other.For parking there is a driveway on one side and a spacious common parking area on the other. A level backyard and attractive landscaping complete the package. Please call for additional information and to schedule a showing. Due to number of tenants, varying work schedules and lease requirements, initial showings to include owner's unit, plus a sampling of other units with showings of all units to be accommodated once property is under contract with 72 hours' notice to the tenants per lease requirements. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.

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www.theedringtonteam.com/homes/141574246
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16 Pioneer Ln Ringgold, GA 30736

  • Price: $895,000
  • Status: Active
  • On Site: 137 Days
  • Updated: 57 min ago
  • MLS #: 1376746
0
Beds
0
Baths
0
½ Baths
0.48
Acres
3,977
SQFT
$225
$/SQFT
1961
Built
Neighborhood:
None
County:
Catoosa
Area:
Ringgold
Elementary School:
Graysville Elementary School
Middle School:
Ringgold Middle
High School:
Ringgold High School
Property Description
SELLER OFFERING OWNER FINANCING ON AN INCOME PROPERTY! 9 units in Ringgold approximately 20 minutes from downtown Chattanooga and convenient to Camp Jordan, East Brainerd, East Ridge and more! This well cared for property comes fully furnished and fully leased with the potential to convert to short-term rentals in the future if preferred. There are currently 9 units with the owner occupying the 2-bedroom unit, a one-bedroom unit, and the remainder are studios in varying sizes and configurations. The front house was originally a ranch style home which has been converted into 5 units with the rear guest house having 4 additional units plus the common laundry facility. The owner's unit is on the main level in the back building and has a kitchen open to the dining room which in turn opens to the living area. The living and dining areas have large picture windows overlooking the backyard and great natural light. The master bedroom has 2 closets, one of which is a large walk-in closet with a stackable washer and dryer. It also has shared access to the full bath with jetted tub and a separate tiled shower. In addition to being furnished, the other units feature hardwood, tile and carpet, closet systems. appliances, bedding, and linens, and 3 of the units have their own washers and dryers. There are nice outdoor living spaces with a central patio area adjoining the front and back buildings, a covered porch with entry to a common foyer on the front house and upper and lower covered decks on the back house. The front house also has an enclosed porch that is currently being used as a storage room that could potentially be converted to another studio with access to both a common and private deck. A detached outbuilding provides additional storage or workshop needs. For parking, there is a driveway on one side and a spacious common parking area on the other.For parking there is a driveway on one side and a spacious common parking area on the other. A level backyard and attractive landscaping complete the package. Please call for additional information and to schedule a showing. Due to number of tenants, varying work schedules and lease requirements, initial showings to include owner's unit, plus a sampling of other units with showings of all units to be accommodated once property is under contract with 72 hours' notice to the tenants per lease requirements. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.
Exterior Features

Exterior BrickSiding Garage Parking Main Level Lot Description Level Lot Size Dimensions 140X150 Roof Shingle

Interior Features

Basement Slab Cooling CentralElectricTwo or More UnitsWindow/Wall Unit Description 1 Level2 LevelConverted Heating Baseboard/WallCentralElectricSpace Heater Unit Four Features 1 BathEfficiencyFurnishedKitchenMicrowaveRefrigerator Unit Four Full Baths 1 Unit One Bedrooms 2 Unit One Features 1 Bath2 BedroomsDeck/PatioDining/Living ComboKitchenMicrowaveOven/Range Unit One Full Baths 1 Unit Three Features 1 BathEfficiencyFurnishedKitchenMicrowaveRefrigerator Unit Three Full Baths 1 Unit Two Bedrooms 1 Unit Two Features 1 BathDeck/PatioFurnished/PartialKitchenLaundry HookupLiving RoomMicrowave Unit Two Full Baths 1 Unit Two Half Baths 0

Property Features

Community Features Community LaundryPrivate Yard Existing Financing None Financing Cash Gross Monthly Rent 9893.50 Home Warranty No Owner Pays All Utilities Possession Day of ClosingNegotiableTenant Rights Property Sub Type Apartment Senior Community YN No Taxes 1877.91 Tenant Pays None Type Of Sale Home Owner Unit Four Unit Number 12 Unit One Unit Number 16 Unit Three Unit Number 10 Unit Two Unit Number 14 Water Sewer On SewerPublic Water

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Listing information © 2023 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: (423) 664-1900.



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