DEEP DISCOUNT | CONDEMNED | DEMO ORDER PLAY | 2 BD 1 BA | 1,200 SQFT | NEAR HIGHLAND PARK E 18th St, Chattanooga, TN 37404
PURCHASE PRICE:
$67,900
Net to Seller
ARV 215K to 225K Depending on Scope of Work
PROPERTY TYPE: Single Family Residential
ROOMS: 2 BD / 1 BA
SQFT: 1,200
LOT: 6,120 | 0.14 Acres
YEAR BUILT: 1940
ZONING: R2
PARCEL: Hamilton County 156F F 017
TERMS: Assignment of Contract | Cash or Hard Money | 5K nonrefundable EMD | 7 Day COE
CALL FOR ACCESS: Vacant, call for access
DETAILS:
A 2 bed, 1 bath, 1,200 sqft single family house built in 1940 on a 0.14 acre R2 lot east of Dodds Ave, near Highland Park. It is condemned and under a City demolition order, which is why it is priced at 67.9K. The City has stated a path to keep the house: file a TRO, go through the City Attorney's office and chancery court, then submit a proposal of intended work to code compliance and pull permits to rehab. Plan on a heavy rehab with new electrical, plumbing, flooring and interior surfaces, budget 60K to 120K depending on scope. Best fit is an experienced rehabber or contractor with a local attorney who can file quickly. The land alone is appraised at 45K. Buyer to perform own due diligence.
CONDEMNATION AND DEMOLITION ORDER DISCLOSURE: This property was condemned on 8/29/2025 by City of Chattanooga Code Enforcement (Case CE20240000581) for dangerous electrical, dangerous plumbing, missing floors and failing interior surfaces. A demolition hearing was held on 9/17/2026, a Demolition Order was issued in late September 2026, and a Notice of Demolition was issued on 9/28/2026. Current status is Waiting for Contractor to Demolish, with demolition targeted for approximately 11/18/2026. To stop demolition, the buyer must file a TRO and go through the City Attorney's office and chancery court, then satisfy City code compliance, including a proposal of intended work, before permits can be pulled. The property currently has no water service. Buyer must verify all case details, deadlines, lien exposure and permit requirements with the City and their own attorney before signing.
Disclaimer: Offered as an assignment of the contract (equitable interest). Buyer to verify all information including square footage, lot size, room count, zoning, condemnation and demolition status, court and code compliance requirements, liens, utility connections, permitting, mechanical systems, and property condition prior to closing.
CALL or TEXT FOR MORE INFO
(623) 283 2623
COMPARABLE SALES:
1303 S Lyerly St | Sold 215,000 (3 bd / 1 ba | Single Family) 12/2025
(623) 283-2623
[email protected]
