743 Broad St NW Cleveland, TN 37311
Estimated Value: $354,486 - $436,000
Highlights
- No HOA
- Central Heating
- 5-minute walk to Lee University's Alumni Park
- Cooling Available
About This Home
As of January 2020Great Investment Opportunity located right across the street from Lee University. Owner has taken well care of property with a few updates being new HVAC systems for each tenant. Currently being rented below market value so there is a opportunity for increase in Cash Flow without having to do any updates. Units include two 4 Bedroom Units and one 3 Bed 2 Bath Unit. Location is valuable to this property as it is right in the middle of downtown Cleveland. Sufficient parking lot located in front of home that supports all tenants and some.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,143
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 66x156x67x141
Home Design
- Quadruplex
- Brick Exterior Construction
Interior Spaces
- 11 Bedrooms
- 2,828 Sq Ft Home
- Property has 3 Levels
Schools
- Ocoee Middle School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Assessor Parcel Number 049M B 00300 000
Community Details
Overview
- No Home Owners Association
- 4 Units
Building Details
- Gross Income $29,400
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Satterfield Joshua L | $239,900 | Equititle Inc | |
| Parvin Don R | $97,500 | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Satterfield Joshua L | $203,915 | |
| Previous Owner | Parvin Don R | $494,599 | |
| Previous Owner | Parvin Don R | $80,000 | |
| Previous Owner | Parvin Don R | $130,000 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/31/2020 01/31/20 | Sold | $239,900 | -7.4% | $85 / Sq Ft |
| 12/22/2019 12/22/19 | Pending | -- | -- | -- |
| 12/17/2019 12/17/19 | For Sale | $259,000 | -- | $92 / 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 | $1,216 | $84,480 | $30,400 | $54,080 |
| 2023 | $2,663 | $84,480 | $30,400 | $54,080 |
| 2022 | $2,663 | $84,480 | $30,400 | $54,080 |
| 2021 | $2,663 | $84,480 | $0 | $0 |
| 2020 | $2,186 | $84,480 | $0 | $0 |
| 2019 | $2,186 | $56,880 | $0 | $0 |
| 2018 | $2,344 | $0 | $0 | $0 |
| 2017 | $1,172 | $0 | $0 | $0 |
| 2016 | $1,765 | $0 | $0 | $0 |
| 2015 | $1,765 | $0 | $0 | $0 |
| 2014 | $908 | $0 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2798928
APN: 049M-B-003.00
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