NOT LISTED FOR SALE
-- Bed
-- Bath
22,297 Sq Ft
2 Acres

Last Sold January 28, 2016

Last sale price $810,000 $36 Per Sq Ft

277 Days on Market

Highlights

  • 2 Acre Lot
  • No HOA
  • Cooling System Mounted In Outer Wall Opening
  • Open Floorplan
  • Brick Exterior Construction
  • Central Heating and Cooling System

About This Home

As of January 2016

Fully Occupied 27 Unit Apartment Community. Over the last 5 years, Owner has updated each unit and replaced most windows. Roofs have been updated/replaced so there is no deferred maintenance.

Last Agent to Sell the Property

Mark Hite

Keller Williams Realty Listed on: 03/20/2015

Last Buyer's Agent

Ben Van Gaasbeek

RealSmart License #325574

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $17,435

Year Built

  • Built in 1972

Lot Details

  • 2 Acre Lot
  • Lot Dimensions are 167.4x620.3
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 22,297 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Basement
  • Crawl Space
  • Stove

Schools

  • Alpine Crest Elementary School
  • Red Bank Middle School
  • Red Bank High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Central Heating and Cooling System
  • Baseboard Heating
  • Cable TV Available

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 109f E 046

Community Details

Overview

  • No Home Owners Association
  • 27 Units

Building Details

  • Gross Income $156,600

Property Details

Home Type

Apartment

Est. Annual Taxes

$17,435

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Sub Type: Apartment
  • Prop. Type: Residential Income
  • Lot Size Acres: 2.0
  • Lot Size: 167.4X620.3
  • Subdivision Name: None
  • Directions: Ely Road to Delashmitt Road going North, Property on Left-Sign at Road-DO NOT DISTURB TENANTS, no sign on property!
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One and One Half, Two
  • Living Area: 22297.0
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1972
  • Cooling:Electric: Yes
  • Owner Pays:Sewer2: Yes
  • Location Tax and Legal Parcel Number2: 109f E 046
  • Location Tax and Legal Elementary School: Alpine Crest Elementary
  • Location Tax and Legal High School: Red Bank High School
  • Location Tax and Legal:Tax Annual Amount: 17434.95
  • 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: 2.0
  • General Property Information Lot Size Square Feet2: 22297.0
  • General Property Information Lot Size Dimensions: 167.4X620.3
  • General Property Information View YN2: No
  • General Property Information Waterfront YN: No
  • General Property Information Basement YN: Yes
  • General Property Information Fireplace YN: No
  • Utilities:Cable Available: Yes
  • Utilities Sewer Connected: Yes
  • Water Source:Public: Yes
  • Cooling:Central Air: Yes
  • Levels:Two: Yes
  • Roof:Shingle: Yes
  • Location Tax and Legal Middle or Junior School: Red Bank Middle
  • General Property Information Stories2: 2
  • Cooling:Window Unit(s): Yes
  • Levels:One and One Half: Yes
  • General Property Information Number Of Units Total2: 27.0
  • Owner Pays:Water3: Yes
  • Cooling Wall Unit(s): Yes
  • Special Features: None
  • Stories: 2

Interior Features

  • Owner Pays: Sewer, Water
  • Has Basement: Crawl Space
  • Basement YN: Yes
  • Fireplace: No
  • Interior Amenities: Open Floorplan
  • Basement:Crawl Space: Yes
  • Interior Features:Open Floorplan: Yes

Exterior Features

  • Lot Features: Gentle Sloping, Level
  • View: No
  • Waterfront: No
  • Home Warranty: No
  • Construction Type: Brick, Other
  • Roof: Shingle
  • Construction Materials:Brick: Yes
  • Lot Features:Level: Yes
  • Lot Features:Gentle Sloping: 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, Wall Unit(s), Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Central, Electric
  • Heating Yn: Yes
  • Utilities: Cable Available, Sewer Connected
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric3: Yes
  • Heating:Baseboard: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • General Property Information:Association YN: No

Schools

  • Elementary School: Alpine Crest Elementary
  • High School: Red Bank High School
  • Middle Or Junior School: Red Bank Middle

Lot Info

  • Lot Size Sq Ft: 22297.0
  • Parcel #: 109f E 046
  • ResoLotSizeUnits: Acres

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Number Of Units Total: 27
  • Annual Gross Income: 156600.0

Tax Info

  • Tax Annual Amount: 17434.95

Range of Values:

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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
01/28/2016 01/28/16 Sold $810,000 -14.7% $36 / Sq Ft
12/22/2015 12/22/15 Pending -- -- --
03/20/2015 03/20/15 For Sale $950,000 -- $43 / Sq Ft
Source: Greater Chattanooga REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Greater Chattanooga REALTORS®

MLS Number: 1224652

Greater Chattanooga REALTORS®

APN: 109F E 046