Condo with Mountain Views

1131 Stringers Ridge Road #7j, Chattanooga, TN 37405

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For Sale

$245,000

3-bedroom, 2-bath condo with mountain views and community amenities.

Type:Condominium

Property size:

1,475 SF

Price / SF:

$166/SF

HighLights

Mountain views from every bedroom.
Located in the desirable, gated Pinnacle condo community.
Amenities include a pool, club room, fitness center, and theater room.
Includes 2 parking spaces.
Enjoy the open floor plan with hardwood floors, granite countertops, and stainless appliances.
New vinyl windows and balcony door.

We can help!

Listing Contact

Jay Robinson

For Sale

$245,000

3-bedroom, 2-bath condo with mountain views and community amenities.

Type:Condominium

Property size:

1,475 SF

Price / SF:

$166/SF

Added:: Mar 19, 2025
Days on Market:: 453
Last Refresh:: May 19 at 8:58 pm

Property Features for 1131 Stringers Ridge Road #7j

General Information

Standard status: Active
Size: 1,475 SF
Property subtype: Condominium

Building Details

Year Built: 1974

We can help!

Listing Contact

Jay Robinson

Listing agent Jay Robinson License #255994

Listing office

Listing date Mar 19, 2025

Source Kw

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jay Robinson

HighLights

Mountain views from every bedroom.
Located in the desirable, gated Pinnacle condo community.
Amenities include a pool, club room, fitness center, and theater room.
Includes 2 parking spaces.
Enjoy the open floor plan with hardwood floors, granite countertops, and stainless appliances.
New vinyl windows and balcony door.

Overview

Located in a gated community, this 1,475 square-foot unit features three bedrooms and two bathrooms, offering mountain views. Situated on the 7th floor, the residence includes hardwood floors, new vinyl windows and balcony door, crown moldings, and granite countertops. The open floor plan integrates a kitchen equipped with a double sink and stainless steel appliances, adjoining the dining and living rooms. The living room benefits from natural light and provides access to a covered balcony. The primary bedroom features a walk-in closet with built-in shelving and a private bath. Two additional bedrooms share a full hall guest bath. The unit includes a dedicated foyer with two closets. The building provides secured access and amenities such as a pool, club room, fitness center, and theater room. The property comes with two parking spaces. Upcoming improvements include two new elevators and fresh paint in the lobby.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$25.1k	$17.04
− Vacancy	−$1.5k	−$1.02
EGI	$23.6k	$16.02
− OpEx	−$10.6k	−$7.21
NOI	$13.0k	$8.81

1,475 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$185.6K

$162.4K – $216.6K (±1% cap)

NOI $12,994 @ 7.0% cap · market cap 5.30%

Second Best

—

no second resolved use

Theoretical Best

Office A

$325.8K

$285.0K – $380.1K (±1% cap)

NOI $22,803 @ 7.0% cap · market cap 9.31%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Matrix Medical Revenue ... Medical Billing Service The Pinnacle Condominium Complex

Suggested Use

Location Insight

Map
Local Demand

City: Chattanooga
County: Hamilton
State: Tennessee
Longitude: -85.3201
Latitude: 35.0737

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For sale
Apartment buildings
TN
Chattanooga
37405
1131 Stringers Ridge Road #7j

What type of property is this?

Apartment building - 3-bedroom, 2-bath condo with mountain views and community amenities.

Where is this apartment building located?

The property is located at 1131 Stringers Ridge Road #7j Chattanooga, TN.

What is the asking price?

The asking price for this property is $245,000.

What are key features of this property?

This property features: Mountain views from every bedroom.; Located in the desirable, gated Pinnacle condo community.; Amenities include a pool, club room, fitness center, and theater room.