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616 READS LAKE RD
CHATTANOOGA, TN 37415
Asking Price
$60K
Asset Type
Residential Land
Class
Class B
What's Special
0.50± Acre Residential Lot | Adjacent Parcel Also Available <p>0.50± acre vacant lot offered at $60,000</p><p>Excellent opportunity for builders, investors, or future homeowners</p><p>Utilities available nearby (buyer to verify availability and connection costs)</p><p>Flexible development potential subject to zoning and local approvals</p><p>Located in a growing Chattanooga market with continued residential development</p><p>Convenient access to Downtown Chattanooga, major highways, shopping, and employers</p><p>Ideal for a spec home, long-term hold, or
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NOI
$80,000
Cap Rate
133.33%
DSCR
22.46
Strong
Cash-on-Cash
424.65%
Monthly Payment
$296.847
Annual Cash Flow
$76,437.833
