$550,000
$550,000
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4,526 SqFt
SOLD DATE : 08/17/2023
Key Details
Sold Price $550,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,526 sqft
Price per Sqft $121
Subdivision Kimberley Acres
MLS Listing ID 2550374
Sold Date 08/17/23
HOA Y/N No
Year Built 1973
Annual Tax Amount $4,523
Lot Dimensions 150X133.4
Property Description
Location, Location, Location: Nestled in a prime location, this 4-Plex is strategically situated to captivate both residents and investors alike. Located on Elder Mountain Road, the property enjoys the perfect balance of serene surroundings and easy assess to urban amenities. Embrace the scenic beauty of the mountains while being minutes from downtown Chattanooga. This location is appealing to both young professionals and families alike. This low maintenance all brick 4 - Plex in desirable Lookout Valley, has ample parking and great yard space for tenants. Each unit has 2 bedrooms and 1 and a half baths. Three of the units have been updated. Laundry hookups in each unit. Washer / dryers belong to tenants. Current rental rates are $3125/month which is well below the potential rates for the area. Three units are month to month and one expires in November 2023. Separately metered for all utilities. This investment property is perfect for a first time or seasoned investor.
Location
State TN
County Hamilton County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 2
Water Public
Structure Type Other,Brick
New Construction false
Schools
Elementary Schools Lookout Valley Elementary School
Middle Schools Lookout Valley Middle / High School
High Schools Lookout Valley Middle / High School
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1033 Demonbreun St Suite 300, Nashville, TN, 37203, USA