$300,000
SOLD APR 20, 2017
-- Bed
-- Bath
6,480 Sq Ft
0.52 Acres

Recently Sold

$46 Per Sq Ft

12% Below List Price

81 Days on Market

Highlights

  • No HOA
  • Living Room
  • Level Lot
  • Eat-In Kitchen
  • Central Heating and Cooling System

About This Home

As of October 2020

Great Investment Opportunity! 6 townhouse type apartments in convenient Rock Spring/Lafayette area. Just a couple of blocks South of Georgia Northwest Technical College. They are located on a quiet cul-de-sac street just 2 blocks off Hwy 27 on a street mixed with apartments and single family dwellings.

Each unit has a great room, eat in kitchen, 1/2 bath and laundry on main level with 2 bedrooms and full bath on 2nd story. They have low maintenance vinyl siding and most of the units have had interior upgrades in the last 2-4 years. Rents are as high as $650.00 per unit but 3 of the long term tenants are paying $425, $550 & $550 respectively. Total current gross income is $3400.00 per month.

Note: No sign on property/Please don't disturb tenants. Once a buyer views from exterior a is comfortable with cash flow we can arrange entry to show interiors.

Last Agent to Sell the Property

David Turner

RE/MAX Properties License #209820 Listed on: 01/13/2017

RE/MAX Properties

Last Buyer's Agent

Pamela Maples

RE/MAX Real Estate Center

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $2,722

Year Built

  • Built in 2004

Lot Details

  • 0.52 Acre Lot
  • Lot Dimensions are 146.4 x 178.6 x 160.9 x 146.4
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 6,480 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Eat-In Kitchen

Schools

  • Rock Spring Elementary School
  • Saddle Ridge Middle School
  • Lafayette High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 03282020

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $40,800

Property Details

Home Type

Apartment

Est. Annual Taxes

$2,722

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.52
  • Lot Size: 146.4 x 178.6 x 160.9 x 146.4
  • Subdivision Name: None
  • Directions: From Fort Oglethorpe, take Battlefield Pkwy West, bear right on Hwy 27 bypass, go past NW GA Technical College, right on Bell Rd, right on Summerfield Rd.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • Living Area: 6480.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2004
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 03282020
  • Location Tax and Legal Elementary School: Rock Spring Elementary
  • Location Tax and Legal High School: LaFayette High
  • Location Tax and Legal:Tax Annual Amount: 2722.23
  • General Property Information New Construction YN: No
  • General Property Information Home Warranty YN: No
  • General Property Information Carport YN: No
  • General Property Information Lot Size Acres: 0.52
  • General Property Information Lot Size Square Feet2: 22651.0
  • General Property Information Lot Size Dimensions: 146.4 x 178.6 x 160.9 x 146.4
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: No
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Cooling:Central Air: Yes
  • Foundation Details Slab: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Saddle Ridge Middle
  • General Property Information Stories2: 2
  • Pets Allowed:No: Yes
  • General Property Information Number Of Units Total2: 6.0
  • Unit 1 Living Room3: Yes
  • Unit 2 Living Room4: Yes
  • Unit 3 Living Room5: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Fireplace: No
  • Interior Amenities: Eat-in Kitchen
  • Interior Features:Eat-in Kitchen: Yes

Exterior Features

  • Lot Features: Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Foundation Details: Slab
  • Roof: Shingle
  • Lot Features:Level: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street
  • General Property Information:Garage YN: No
  • General Property Information:Attached Garage YN: No
  • Parking Features:Off Street: Yes

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Heating:Central: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Association: No
  • Pets Allowed: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Rock Spring Elementary
  • High School: LaFayette High
  • Middle Or Junior School: Saddle Ridge Middle

Lot Info

  • Lot Size Sq Ft: 22651.0
  • Parcel #: 03282020
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 40800.0

Tax Info

  • Tax Annual Amount: 2722.23

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2020 10/16/20 Sold $178,500 -0.2% $28 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/24/2020 07/24/20 For Sale $178,900 -40.4% $28 / Sq Ft
04/20/2017 04/20/17 Sold $300,000 -11.7% $46 / Sq Ft
04/04/2017 04/04/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $339,900 -- $52 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1257673

Greater Chattanooga REALTORS®