$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 2425136
Sold Date 08/05/22
HOA Y/N No
Year Built 1980
Annual Tax Amount $4,846
Lot Dimensions 215.0X142.07
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. Both buildings must be sold together. Breakdown of all units: 3bedrooms /2 baths x2 3bedrooms /1.5 x2 2bedrooms / 1.5x2 All units have been updated over the years when tenants vacate. Each unit is large with a LR, 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 Walmart shopping center. Check out the potential for this piece of real estate. All Units Annually $56,700.00 Cap Rate 6.51 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 1.5
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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