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    8633 Hilltop Dr Ooltewah, TN 37363

    For Sale
    $415,000

    Three-building rental portfolio, high traffic location.

    Property size:
    2,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity in Ooltewah, Tennessee, presents a portfolio of three income-generating buildings: a house, a mobile home, and an efficiency apartment, totaling 2,000 square feet. Located at 8633 Hilltop Drive, this property boasts a prime location directly overlooking Interstate 75, benefiting from an average daily traffic count exceeding 81,000 vehicles. The C-2 zoning allows for a wide range of commercial uses, including retail, services, hotels, and more, making it ideal for both established businesses and prospective tenants. Currently operating at 100% occupancy, the property generates substantial rental income, with the house renting for $1300 per month, the mobile home for $600 per month, and the efficiency apartment for $550 per month. The asking price is $415,000, and the sale includes Parcel 131 035. This property offers unparalleled convenience to surrounding amenities, I-75, and the cities of Ooltewah, Collegedale, Chattanooga, and Cleveland. The property's high visibility and diverse zoning make it a compelling investment prospect with significant potential for future growth and returns. This is a net lease property with multiple tenants.

    Property Features for 8633 Hilltop Dr

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,000 SF
    Class
    C
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Ooltewah
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.0770977
    Latitude
    35.0837362

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    FAQs

    What type of property is this?
    Multifamily property - Three-building rental portfolio, high traffic location.
    Where is this multifamily property located?
    The property is located at 8633 Hilltop Dr Ooltewah, TN.
    What is the asking price?
    The asking price for this property is $415,000.
    Request Owner's contact information
    8633 Hilltop Dr Ooltewah, TN 37363
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8633 Hilltop Dr Ooltewah, TN 37363
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