**This is an active short-term vacation rental with a very high occupancy rate, and showings must be coordinated through the listing agent to work around guest stays.** In the heart of Chattanooga's Southside, 1605 Mitchell Avenue offers a unique opportunity to own a beautifully updated two-unit property with grandfathered, transferable absentee STVR permits for both units. Just three doors down from Common House and close to the restaurants, shops, entertainment, and energy that make the Southside so popular, the property pairs a highly desirable location with 1950s character, generous living space, and excellent income-producing potential. Both residences offer the flexibility for short-term rental use as well as a variety of long-term investment possibilities, with a pass-through door allowing the units to be rented separately or together as a six-bedroom rental accommodating up to 12 guests. Off-street parking for up to six vehicles and six additional hang tags for street-level parking add convenience in this walkable neighborhood. Furnishings may also be negotiated, offering the potential for an even more seamless transition for the next owner. The classic brick exterior immediately gives the property a sense of warmth and permanence, with separate front porches creating a welcoming entrance for each residence. Inside, oversized windows fill both units with natural light, while thoughtful renovations complement the original character of the home. Each residence enjoys its own living room, kitchen, dining space, laundry hookups, and both front and rear entrances, giving each unit the comfortable feel of a home of its own. Together, the two residences offer a minimum of seven bedrooms and four and a half bathrooms. Unit 1 features three bedrooms and two and a half baths, including a main-level primary suite with a recently updated bathroom. Unit 2 offers four bedrooms and two full baths. The property has been well cared for and improved over the years, including a new roof in 2019, updated electrical, new windows, and a tankless water heater serving the property. And then there is the location. From Mitchell Avenue, you are close to the Chattanooga Choo Choo and the heart of the Southside, with popular restaurants including Alleia, Main Street Meats, and State of Confusion just a short walk away. Approximately seven minutes from the Tennessee Aquarium and about 15 minutes from Rock City and Ruby Falls, with convenient access to downtown, area schools, employment centers, and the interstate. With two spacious residences, transferable STVR permits, extensive updates, furnishings included, and a location that puts so much of Chattanooga within easy reach, 1605 Mitchell Avenue is a distinctive opportunity to own an income-producing property in the center of it all.