876 Oak St Chattanooga, TN 37403
Arts District NeighborhoodEstimated Value: $383,000
Highlights
- No HOA
- Cooling Available
- Heating Available
About This Home
As of September 2020Welcome to 876 Oak Street, Fairview Apartments, located in the beautiful Fortwood Historic District of downtown Chattanooga. This apartment building has an abundance of character throughout. It features hardwood floors, tall doorways, high ceilings and a beautiful staircase. Don't miss this opportunity to own property in historic Fortwood! This apartment building offers the perfect blend of charm and character with modern conveniences of today. This five unit apartment building is situated on the corner of Oak Street and Fortwood Pl. Each spacious unit features two bedrooms and two full bathrooms, living room, kitchen and washer and dryer hook ups. The apartment building has a total of five units, two units are on the main level, two units are on the second floor and there is one unit in the basement. All units are currently tenant occupied with a gross monthly income Of $4,800. On the rear of the building, there is a parking lot for the tenants. The back of the building also has a staircase that leads a second entrance for the units on the first and second level. This would be a great opportunity for an investor but also a great opportunity for an owner occupant who would like to live in one unit and rent out the rest of the units. The apartment building is in walking distance to UTC, just minutes away from hospitals and close to downtown dining, shopping and entertainment.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,575
Year Built
- Built in 1920
Lot Details
- Lot Dimensions are 51 x 149
Home Design
- Brick Exterior Construction
- Stucco
Interior Spaces
- 6,090 Sq Ft Home
- Property has 3 Levels
Bedrooms and Bathrooms
- 8 Bedrooms
- 8 Bathrooms
Schools
- Orchard Knob Middle School
- Howard School Of Academics Technology High School
Utilities
- Cooling Available
- Heating Available
Listing and Financial Details
- The owner pays for water
- Assessor Parcel Number 146H E 001.05C001
Community Details
Overview
- No Home Owners Association
- 5 Units
- Fortwood Historic Subdivision
Building Details
- Gross Income $57,600
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
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Community In Chattanooga Llc | $650,000 | First Title | |
| Muth L L C | -- | None Available | |
| Muth Diane Marie | -- | None Available |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/16/2020 09/16/20 | Sold | $650,000 | -18.8% | $107 / Sq Ft |
| 08/02/2020 08/02/20 | Pending | -- | -- | -- |
| 06/08/2020 06/08/20 | For Sale | $800,000 | -- | $131 / 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 |
|---|---|---|---|---|
| 2023 | $1,016 | $45,400 | $0 | $0 |
| 2022 | $1,016 | $45,400 | $0 | $0 |
| 2021 | $1,016 | $45,400 | $0 | $0 |
| 2020 | $1,214 | $43,900 | $0 | $0 |
| 2019 | $1,214 | $43,900 | $0 | $0 |
| 2018 | $1,126 | $43,900 | $0 | $0 |
| 2017 | $1,214 | $43,900 | $0 | $0 |
| 2016 | $837 | $0 | $0 | $0 |
| 2015 | $1,651 | $30,275 | $0 | $0 |
| 2014 | $1,651 | $0 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2742308
APN: 146H-E-001.05-C-001
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