1109 McBrien Rd Chattanooga, TN 37412
Estimated Value: $283,000 - $355,000
Highlights
- No HOA
- Attached Garage
- Central Heating and Cooling System
About This Home
As of October 2019Attention investors! This East Ridge Duplex provides $1820 Gross Monthly Rents with rents at $925 and $825. The HUD Fair Market Rent for 3 Bedrooms in 37412 is $1130 which allows potential to increase GMR to $2260. The property is also professionally managed by a property management company. Since the property is tenant occupied the seller requires an accepted offer with a contingency to view. Call for questions and offers.Four properties are adjacent to each other with a total of 10 units and can be purchased separately or together. Seller to consider an as-is sale with seller financing at 25% down.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,715
Year Built
- Built in 1980
Lot Details
- 0.31
Parking
- Attached Garage
Home Design
- Duplex
Interior Spaces
- 2,981 Sq Ft Home
- Property has 3 Levels
Schools
- East Ridge Elementary School
- East Ridge Middle School
- East Ridge High School
Additional Features
- Lot Dimensions are 75x198.1
- Central Heating and Cooling System
Listing and Financial Details
- Total Actual Rent $1,820
- Assessor Parcel Number 169B P 016
Community Details
Overview
- No Home Owners Association
- 2 Units
- Shady Grove Addn Subdivision
Building Details
- Gross Income $21,840
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mcdonald John M | $7,500 | Reli Settlement Sln Llc | |
| Generation 5 Properties Llc | $150,000 | Realty Center T&E Llc | |
| East Ridge 16 Llc | -- | Pioneer Title Agency Inc | |
| Ryan Timothy T | $140,000 | Pioneer Title Agency Inc |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mcdonald John M | $165,750 | |
| Previous Owner | Ryan Timothy T | $128,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/25/2019 10/25/19 | Sold | $150,000 | -11.8% | $50 / Sq Ft |
| 10/21/2019 10/21/19 | Pending | -- | -- | -- |
| 10/10/2019 10/10/19 | For Sale | $170,000 | -- | $57 / Sq Ft |
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,630 | $107,520 | $0 | $0 |
| 2024 | $1,316 | $58,800 | $0 | $0 |
| 2023 | $2,069 | $58,800 | $0 | $0 |
| 2022 | $2,069 | $58,800 | $0 | $0 |
| 2021 | $2,429 | $58,800 | $0 | $0 |
| 2020 | $2,715 | $56,960 | $0 | $0 |
| 2019 | $2,715 | $56,960 | $0 | $0 |
| 2018 | $2,715 | $56,960 | $0 | $0 |
| 2017 | $2,715 | $56,960 | $0 | $0 |
| 2016 | $2,857 | $0 | $0 | $0 |
| 2015 | $2,857 | $59,200 | $0 | $0 |
| 2014 | $2,857 | $0 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2724927
APN: 169B-P-016
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