Seller's Agent in 2025
Philip Lancaster
Rock Point Real Estate
(423) 752-0710
1 in this area
9 Total Sales
Estimated Value: $198,000 - $246,402
PROVEN INCOME PROPERTY. Enjoy steady income with this solid workforce housing in the heart of Chattanooga's Brainerd neighborhood. Total income is $1,650 per month which yielded a 6.2% cap rate in 2024. The Brainerd area is desirable for its central location and proximity to highways, UTC, employment, shopping, public transportation, and downtown Chattanooga.
Seller has several additional income properties for sale in Chattanooga and is open to negotiating a package deal.
NOTE RE ACCESS: Since this is an occupied rental property access for walk-thru can only be granted upon acceptance of an offer or strong LOI.
Last Agent to Sell the Property
Rock Point Real Estate License #296531 Listed on: 07/04/2025
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Nova Mar Ventures Llc | $410,000 | Ensign Title | |
| Chattanooga Eleven Llc | -- | None Listed On Document | |
| Chattanooga Eleven Llc | -- | None Listed On Document | |
| Beulah Property Group Llc | $1,520,000 | First Title | |
| Mkn Properties Llc | $44,000 | Fidelity Land Title Agency | |
| The Bank Of New York Mellon | $52,500 | None Available | |
| Stanard Robert A | $105,000 | First American Title Ins Co | |
| Collins Sean L | $60,250 | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Nova Mar Ventures Llc | $309,896 | |
| Previous Owner | Beulah Property Group Llc | $1,064,000 | |
| Previous Owner | Mkn Properties Llc | $100,000 | |
| Previous Owner | Collins Sean L | $48,200 |
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2025 08/21/25 | Sold | $205,000 | -10.5% | $107 / Sq Ft |
| 08/19/2025 08/19/25 | Off Market | $229,000 | -- | -- |
| 07/07/2025 07/07/25 | Pending | -- | -- | -- |
| 05/28/2025 05/28/25 | Price Changed | $229,000 | -5.4% | $119 / Sq Ft |
| 05/16/2025 05/16/25 | Price Changed | $242,000 | -3.2% | $126 / Sq Ft |
| 04/30/2025 04/30/25 | For Sale | $250,000 | -- | $130 / Sq Ft |
| 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 | $1,360 | $89,760 | $0 | $0 |
| 2024 | $902 | $40,320 | $0 | $0 |
| 2023 | $902 | $40,320 | $0 | $0 |
| 2022 | $902 | $40,320 | $0 | $0 |
| 2021 | $902 | $40,320 | $0 | $0 |
| 2020 | $876 | $31,680 | $0 | $0 |
| 2019 | $876 | $31,680 | $0 | $0 |
| 2018 | $848 | $31,680 | $0 | $0 |
| 2017 | $876 | $31,680 | $0 | $0 |
| 2016 | $876 | $0 | $0 | $0 |
| 2015 | $1,723 | $31,680 | $0 | $0 |
| 2014 | $1,723 | $0 | $0 | $0 |
Seller's Agent in 2025
Philip Lancaster
Rock Point Real Estate
(423) 752-0710
1 in this area
9 Total Sales
Buyer's Agent in 2025
Yulian Paramo
Keller Williams Realty Greater Dalton
(706) 537-5373
2 in this area
71 Total Sales
Source: Greater Chattanooga REALTORS®
MLS Number: 1512025
APN: 157C-B-028
Ask me questions while you tour the home.