NOT LISTED FOR SALE

1113 McBrien Rd Chattanooga, TN 37412

Estimated Value: $399,000 - $472,200

-- Bed
4 Baths
4,692 Sq Ft
$94/Sq Ft Est. Value

Last Sold October 25, 2019

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

Est. 73% increase in value since last sale

Current estimated payment $2,570/month

11 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Central Heating

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

  • Lot Dimensions are 100x300

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

Utilities

  • Cooling Available
  • Central Heating

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

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1972
  • Unit Levels: Three Or More
  • 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
$440,550

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$185,550
Avg. Annual Appreciation
9.95%

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:

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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
Open Genertion 5 Properties Llc $1,143,856
Closed Generation 5 Properoties Llc $257,550
Previous Owner Ryan Timothy T $220,800
Previous Owner Myers Roby Michael $89,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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 Compared to Growth

Source: Public Records

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
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

This home is located at 1113 McBrien Rd, Chattanooga, TN 37412 since 03 October 2019 and is currently estimated at $440,550, approximately $93 per square foot. This property was built in 1972. 1113 McBrien Rd is a home located in Hamilton County with nearby schools including East Ridge Elementary School, East Ridge Middle School, and East Ridge High School.

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