$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 1359086
Sold Date 08/05/22
Originating Board Greater Chattanooga REALTORS®
Year Built 1980
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
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 North on Hixson Pike right on Ashland terrace right on Highland Rd. property is the on the Right.
Story Three Or More
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 021.01
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
Pets Description No
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