Riverstone Apartments

Nestled in the heart of East Ridge, this prime location offers a dynamic blend of urban convenience and suburban tranquility. Residents of the area enjoy close proximity to a host of local amenities, including Camp Jordan Park, known for its recreational facilities and vibrant community events. With easy access to major transportation routes, as well as dining and shopping options, the area presents an attractive lifestyle for tenants seeking both convenience and leisure. In 2024, the Tennessee Municipal League presented East Ridge with an award for Excellence in Economic Development. In late 2011, East Ridge designed a 950-acre tract into a Border Regional Retail Tourism Development District, which has resulted in extensive business development, including a Bass Pro Shop, Hampton Inn, Chick-Fil-A, Starbucks, Jonathan’s Grille, Food City, TownPlace Inn & Suites, Dunkin Donuts, Southern Honda Powersports, and more. The district was also chosen as the first Chattanooga-area location for Top Golf and the Chattanooga Red Wolves stadium. Since then, East Ridge has seen a sales tax growth of nearly $800 million. As an investor, the desirability of this location and the continued growth it offers make it a compelling choice for multifamily investment.SVN | Second Story is pleased to introduce this prime Investment opportunity at Riverstone Apartments, located in the vibrant East Ridge area. Boasting 8 units, this property offers an attractive unit mix of spacious 2-bedroom units. 5 out of the 8 have been fully renovated, achieving top of market rents. Each unit is thoughtfully designed to provide both functionality and comfort, ensuring a desirable living experience for tenants. The units have been updated with modern finishes, including LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies, enhancing appeal to potential tenants. With its convenient access to amenities and transportation, this property is primed to attract tenants looking for convenience and connectivity. The property provides ample parking, grill/picnic area, close proximity to Downtown and Hamilton Place, and remaining upside for the new owner. This is a great opportunity for investors seeking a renovated, low maintenance building that attracts reliable, long-term tenants seeking the best, affordable place to live. This apartment building is not just a property; it’s a gateway to a lucrative investment in a promising location. Don’t miss your chance to add this gem to your portfolio!