$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
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,900 sqft
Price per Sqft $89
Subdivision Highland Hills
MLS Listing ID 1359087
Sold Date 08/05/22
Originating Board Greater Chattanooga REALTORS®
Year Built 1980
Lot Size 4.940 Acres
Acres 4.94
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
Area 4.94
Rooms
Basement Finished, Full
Interior
Interior Features Eat-in Kitchen, Open Floorplan, Storage
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Heat Source Central, Electric
Exterior
Garage Off Street
Garage Description Off Street
Utilities Available Sewer Connected
Roof Type Shingle
Porch Deck, Patio
Parking Type Off Street
Garage No
Building
Lot Description Sloped
Faces Hixson Pike North right on Ashland Terrace right in Highland Rd buildings on Right.
Story One and One Half
Water Public
Structure Type Brick,Stone
Schools
Elementary Schools Dupont Elementary
Middle Schools Hixson Middle
High Schools Hixson High
Others
Senior Community No
Tax ID 109m C 021.02
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
Pets Description No
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