4808 16th Ave Chattanooga, TN 37407
Cedar Hill NeighborhoodEstimated Value: $202,000 - $301,000
Highlights
- No HOA
- 1 Car Garage
- Heating Available
- Cooling System Mounted To A Wall/Window
About This Home
As of October 2022Don't miss out on this fantastic investment opportunity within a few minutes drive of downtown, Chattanooga. This Duplex will cash flow well for an investor looking for multi-family properties in the thriving metro area but would also provide someone with the ability to live in one side and rent out the other side to cover their own mortgage. The front unit is a spacious 1/1 with open plan kitchen/living area with plenty of storage and the back unit is a very roomy 2/2 with open plan kitchen and living area including a single car garage. There are 2 separate driveways and no joining walls; providing fantastic privacy for tenants. Both units utilities are on separate meters. This is a fantastic property to add to your investment portfolio.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,292
Year Built
- Built in 1970
Lot Details
- Lot Dimensions are 50x140
Parking
- 1 Car Garage
Home Design
- Duplex
- Brick Exterior Construction
- Metal Roof
Interior Spaces
- 1,670 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Schools
- East Lake Elementary School
- East Lake Academy Of Fine Arts Middle School
- Howard School Of Academics Technology High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 168O K 022
Community Details
Overview
- No Home Owners Association
- 2 Units
- Cedar Hill 2Nd Amended Subdivision
Building Details
- Gross Income $22,500
Ownership History
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ira Innovations Llc | $65,000 | Rudy Title & Escrow Llc |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Mcgill Robert Larry | $37,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/13/2022 10/13/22 | Sold | $185,000 | 0.0% | $111 / Sq Ft |
| 09/15/2022 09/15/22 | Pending | -- | -- | -- |
| 09/13/2022 09/13/22 | For Sale | $185,000 | -- | $111 / Sq Ft |
Tax History Compared to Growth
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 | $644 | $28,800 | $0 | $0 |
| 2023 | $644 | $28,800 | $0 | $0 |
| 2022 | $644 | $28,800 | $0 | $0 |
| 2021 | $644 | $28,800 | $0 | $0 |
| 2020 | $658 | $23,800 | $0 | $0 |
| 2019 | $658 | $23,800 | $0 | $0 |
| 2018 | $668 | $23,800 | $0 | $0 |
| 2017 | $658 | $23,800 | $0 | $0 |
| 2016 | $601 | $0 | $0 | $0 |
| 2015 | $1,217 | $21,720 | $0 | $0 |
| 2014 | $1,217 | $0 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2716804
APN: 168O-K-022
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