Chattanooga, TN 37419,3335 Elder Mountain Road
Chattanooga, TN 37419,3335 Elder Mountain Road
Chattanooga, TN 37419,3335 Elder Mountain Road
Chattanooga, TN 37419,3335 Elder Mountain Road
Chattanooga, TN 37419,3335 Elder Mountain Road
Chattanooga, TN 37419,3335 Elder Mountain Road
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Listed by Lisa Brown • Greater Downtown Realty dba Keller Williams Realty

$550,000

$550,000

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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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