NOT LISTED FOR SALE

1113 McBrien Rd Chattanooga, TN 37412

Estimated Value: $431,000 - $582,000

Studio
4 Baths
4,692 Sq Ft
$103/Sq Ft Est. Value

Last Sold October 25, 2019

Last sale price $255,000 $54 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $2,685/month

11 Days on Market

About This Home

As of October 2019

Attention investors! This East Ridge Quadplex provides will provide $3100 or more in Gross Monthly Rents. Current rents are $695, $715 $850, and one vacant side. The HUD Fair Market Rent for 2 Bedrooms in 37412 is $870 and $1330 for the 3 Bedroom which allows potential to increase GMR to $3940. 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

  • $3,755

Year Built

  • Built in 1972

Lot Details

  • 0.64

Home Design

  • Quadruplex

Interior Spaces

  • 4,692 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 100x300
  • Central Heating and Cooling System

Listing and Financial Details

  • Total Actual Rent $695
  • Assessor Parcel Number 169B P 019

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Shady Grove Addn Subdivision

Building Details

  • Gross Income $27,120

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,755

Year Built

Built in 1972

Lot Details

0.64 Acres

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1972
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 4692
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other
  • Pool Private: No
  • Roof: Other
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Detached

Utilities

  • Water Source: Public
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size: 100X300
  • Lot Size Units: Acres
  • Parcel #: 169B P 019
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 27120
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4
  • Total Actual Rent: 695

Tax Info

  • Tax Annual Amount: 3755

MLS Schools

  • Elementary School: East Ridge Elementary School
  • High School: East Ridge High School
  • Middle Or Junior School: East Ridge Middle School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2019
Closed on
Oct 25, 2019
Sold by
East Ridge 16 Llc
Bought by
Generation 5 Properties Llc
List Price
$270,000
Sold Price
$255,000
Premium/Discount to List
-$15,000
-5.56%
Current Estimated Value
$482,283

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$227,283
Avg. Annual Appreciation
10.47%

Purchase Details

Closed on
Feb 24, 2010
Sold by
Ryan Timothy T and Ryan Angela L
Bought by
East Ridge 16 Llc

Purchase Details

Closed on
Aug 31, 2009
Sold by
Myers R Michael
Bought by
Ryan Timothy T and Ryan Angela L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,800
Interest Rate
6.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Generation 5 Properties Llc $255,000 Realty Center T&E Llc
East Ridge 16 Llc -- Pioneer Title Agency Inc
Ryan Timothy T $240,000 Pioneer Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ryan Timothy T $220,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2019 10/25/19 Sold $255,000 -5.6% $54 / Sq Ft
10/14/2019 10/14/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $270,000 -- $58 / Sq Ft
Source: Realtracs

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 $2,095 $138,240 $0 $0
2024 $2,250 $100,560 $0 $0
2023 $3,543 $100,560 $0 $0
2022 $3,543 $100,560 $0 $0
2021 $3,963 $100,560 $0 $0
2020 $3,755 $80,400 $0 $0
2019 $3,755 $80,400 $0 $0
2018 $3,755 $80,400 $0 $0
2017 $3,755 $80,400 $0 $0
2016 $3,954 $0 $0 $0
2015 $3,954 $83,520 $0 $0
2014 $3,954 $0 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2724984

Realtracs

APN: 169B-P-019

Tennessee Hamilton County Chattanooga 37412

1113 McBrien Rd, Chattanooga, TN

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Realtracs Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Based on information submitted to the MLS GRID

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