NOT LISTED FOR SALE
-- Bed
-- Bath
4,526 Sq Ft
0.49 Acres

Last Sold August 17, 2023

Last sale price $550,000 $122 Per Sq Ft

5 Days on Market

Highlights

  • No HOA
  • Cooling Available
  • Central Heating

About This Home

As of August 2023

Location, Location, Location: Nestled in a prime location, this 4-Plex is strategically situated to captivate both residents and investors alike. Located on Elder Mountain Road, the property enjoys the perfect balance of serene surroundings and easy assess to urban amenities. Embrace the scenic beauty of the mountains while being minutes from downtown Chattanooga. This location is appealing to both young professionals and families alike. This low maintenance all brick 4 - Plex in desirable Lookout Valley, has ample parking and great yard space for tenants. Each unit has 2 bedrooms and 1 and a half baths. Three of the units have been updated. Laundry hookups in each unit. Washer / dryers belong to tenants. Current rental rates are $3125/month which is well below the potential rates for the area. Three units are month to month and one expires in November 2023. Separately metered for all utilities. This investment property is perfect for a first time or seasoned investor.

Last Agent to Sell the Property

Lisa Brown

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4234322100 License #147873,321895 Listed on: 07/19/2023

Greater Downtown Realty dba Keller Williams Realty

Co-Listed By

Diane Patty

Greater Downtown Realty dba Keller Williams Realty Brokerage Phone: 4234322100 License #320892

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,523

Year Built

  • Built in 1973

Lot Details

  • Lot Dimensions are 150x133.4

Home Design

  • Quadruplex
  • Brick Exterior Construction

Interior Spaces

  • 4,526 Sq Ft Home
  • Property has 3 Levels

Schools

  • Lookout Valley Elementary School
  • Lookout Valley Middle / High School

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 144F C 010

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Kimberley Acres Subdivision

Building Details

  • Gross Income $37,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,523

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1973
  • Unit Levels: Three Or More
  • Building Stories: 2
  • Structure Type: Quadruplex
  • Year Built Details: EXIST
  • ResoPropertyType: ResidentialIncome
  • Attribution Contact: 4234322100
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Fireplace: No
  • Building Area Units: Square Feet
  • Living Area: 4526
  • Living Area Units: Square Feet

Exterior Features

  • Construction Type: Other, Brick
  • 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: 150X133.4
  • Lot Size Units: Acres
  • Parcel #: 144F C 010
  • Property Attached Yn: Yes
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 37500
  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 4523

MLS Schools

  • Elementary School: Lookout Valley Elementary School
  • High School: Lookout Valley Middle / High School
  • Middle Or Junior School: Lookout Valley Middle / High School

Range of Values:

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Sold Price
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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
08/17/2023 08/17/23 Sold $550,000 0.0% $122 / Sq Ft
07/24/2023 07/24/23 Pending -- -- --
07/19/2023 07/19/23 For Sale $550,000 -- $122 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2550374

Realtracs