NOT LISTED FOR SALE

320 County Road 324 Flat Rock, AL 35966

-- Bed
-- Bath
5,550 Sq Ft
5.67 Acres

Last Sold July 17, 2023

Last sale price $405,000 $73 Per Sq Ft

20 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • Living Room
  • No HOA
  • Patio
  • Central Heating and Cooling System

About This Home

As of July 2023

Welcome to this fantastic real estate opportunity! Located on a sprawling 5.67-acre lot, this property features a quadplex and duplex that are up for sale. With plenty of room to build more, this property presents an incredible investment opportunity for buyers looking to expand their real estate portfolio. The quadplex, built in 2003, and the duplex, built in 2009, are both in excellent condition and have been well-maintained over the years. With a current gross income of $3625 per month, this property offers a steady stream of passive income for its new owners. Additionally, there is one unit available that is currently being renovated before closing, offering the opportunity to increase the property's earning potential even further. All units have brand new water heaters, and all appliances are less than 2 years old, ensuring a hassle-free experience for tenants. Currently being serviced by 3 septic tanks, the property is designed to accommodate the needs of its residents. Whether you're an experienced real estate investor or just starting in the business, this property presents an incredible opportunity to build wealth and secure a steady stream of passive income for years to come. Don't miss out on this once-in-a-lifetime chance to own a piece of real estate in a prime location. Schedule a viewing today and see for yourself what this incredible property has to offer!

Last Agent to Sell the Property

Wesley Bethune

BHHS Southern Routes Realty License #364590 TN Listed on: 04/27/2023

BHHS Southern Routes Realty

Last Buyer's Agent

Wesley Bethune

BHHS Southern Routes Realty License #364590 TN Listed on: 04/27/2023

BHHS Southern Routes Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,029

Year Built

  • Built in 2003

Lot Details

  • 5.67 Acre Lot
  • Rural Setting
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Quadruplex
  • Metal Roof

Interior Spaces

  • 5,550 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Basement
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Stove

Outdoor Features

  • Deck
  • Patio

Schools

  • North Sand Mountain Elementary School
  • North Sand Mountain Middle School
  • North Sand Mountain High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 17-01-11-0-000-002.000

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $43,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,029

Year Built

Built in 2003

Lot Details

5.67 Acres

Listing Details

  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 5.67
  • Lot Size: 5.67 Acres +/-
  • Subdivision Name: None
  • Directions: From Trenton, Ga Head west on Hwy 136, at the top of the mountain Turn left onto Michael's rd. Continue Straight to Co Rd 155. Turn Tight onto Co Rd 324, Property is 1/4 mile on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Living Area: 5550.0
  • New Construction: No
  • Building Stories: 1
  • Year Built: 2003
  • Cooling:Electric: Yes
  • Location Tax and Legal Parcel Number2: 17-01-11-0-000-002.000
  • Location Tax and Legal Elementary School: North Sand Mountain Elementary
  • Location Tax and Legal High School: North Sand Mountain
  • Location Tax and Legal:Tax Annual Amount: 2029.0
  • 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: 5.67
  • General Property Information Lot Size Square Feet2: 246985.2
  • General Property Information Lot Size Dimensions: 5.67 Acres +/-
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • General Property Information Senior Community YN: No
  • Remarks and Miscellaneous Public Remarks2: Welcome to this fantastic real estate opportunity! Located on a sprawling 5.67-acre lot, this property features a quadplex and duplex that are up for sale. With plenty of room to build more, this property presents an incredible investment opportunity for buyers looking to expand their real estate portfolio. The quadplex, built in 2003, and the duplex, built in 2009, are both in excellent condition and have been well-maintained over the years. With a current gross income of $3625 per month, this property offers a steady stream of passive income for its new owners. Additionally, there is one unit available that is currently being renovated before closing, offering the opportunity to increase the property's earning potential even further. All units have brand new water heaters, and all appliances are less than 2 years old, ensuring a hassle-free experience for tenants. Currently being serviced by 3 septic tanks, the property is designed to accommodate the needs of its residents. Whether you're an experienced real estate investor or just starting in the business, this property presents an incredible opportunity to build wealth and secure a steady stream of passive income for years to come. Don't miss out on this once-in-a-lifetime chance to own a piece of real estate in a prime location. Schedule a viewing today and see for yourself what this incredible property has to offer!
  • Utilities:Cable Available: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Location Tax and Legal Middle or Junior School: North Sand Mountain
  • Levels:One: Yes
  • General Property Information Stories2: 1
  • Lot Features Rural: Yes
  • General Property Information Number Of Units Total2: 6.0
  • Unit 1 Living Room3: Yes
  • Unit 1 Washer Dryer Hookups: Yes
  • Unit 2 Living Room4: Yes
  • Unit 2 Washer Dryer Hookups2: Yes
  • Unit 3 Living Room5: Yes
  • Unit 3 Washer Dryer Hookups3: Yes
  • Unit 4 Washer Dryer Hookups4: Yes
  • Unit 4 Living Room6: Yes
  • Special Features: None
  • Stories: 1

Interior Features

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

Exterior Features

  • Lot Features: Level, Rural
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Other
  • Patio And Porch Features: Deck, Patio
  • Roof: Metal
  • Patio And Porch Features:Deck: Yes
  • Patio And Porch Features:Patio: Yes
  • Lot Features:Level: Yes
  • ConstructionSiding:Roof Metal: 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
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes
  • Heating:Electric3: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: North Sand Mountain Elementary
  • High School: North Sand Mountain
  • Middle Or Junior School: North Sand Mountain

Lot Info

  • Lot Size Sq Ft: 246985.2
  • Parcel #: 17-01-11-0-000-002.000
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity, Water

Multi Family

  • Number Of Units Total: 6
  • Annual Gross Income: 43500.0

Tax Info

  • Tax Annual Amount: 2029.0
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Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2023 07/17/23 Sold $405,000 -3.6% $73 / Sq Ft
05/21/2023 05/21/23 Off Market $420,000 -- --
04/27/2023 04/27/23 For Sale $420,000 -- $76 / Sq Ft
Source: Greater Chattanooga REALTORS®

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1372545

Greater Chattanooga REALTORS®
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