Condo with Mountain
1131 Stringers Ridge Road #7j Chattanooga, TN 37405
For Sale
$245,000
3-bedroom, 2-bath condo with mountain views and community amenities.
Property Size1,475 SF
Price / SF$166.10
Days on Market498
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
Listing Agency:
Long & Foster Real Estate
(423) 903-6404
Listed By:
Jay Robinson · License #255994
(423) 903-6404
Source:
Kw
Added: Mar 19, 2025
Changed: Jul 6
Last Checked: Jul 29 at 12:50PM
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 Long & Foster Real Estate
Investment Insights
Based on property information with market context.
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.
Key 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.
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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
NOI $22,803 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
