$347,500
$325,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
3,900 SqFt
SOLD DATE : 08/05/2022
Key Details
Sold Price $347,500
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $89
Subdivision Highland Hills
MLS Listing ID 2425138
Sold Date 08/05/22
HOA Y/N No
Year Built 1980
Annual Tax Amount $4,846
Lot Dimensions 128.0X142.07
Property Description
Amazing opportunity for 2 investment properties in the Chattanooga area. Included are 2 triplex units side by side for a total of 6 units. Total price for both units is $650,000.00 Buildings are sold together. Breakdown of both buildings : 3bedrooms/2baths x2 3bedrooms/1.5baths x2 2bedrooms /1.5 baths x2 All units have been updated over the years when tenants vacate. Each unit is very spacious with a living room ,dining room combo, spacious kitchen & laundry room, plus ample storage space in all units. All renovated with LVP flooring ,fresh paint and new decks, new kitchen/bath flooring, lighting, sinks, etc. All units have HVAC. All units are metered separate. Conveniently located near a mini Walmart shopping center. Check out the potential for this piece of real estate . Annual gross 56,700. Cap rate 4.6 Rents are below market.
Location
State TN
County Hamilton County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
Waterfront false
View Y/N false
Roof Type Other
Parking Type Detached
Private Pool false
Building
Story 3
Water Public
Structure Type Stone,Other,Brick
New Construction false
Schools
Elementary Schools Dupont Elementary School
Middle Schools Hixson Middle School
High Schools Hixson High School
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