$300,000
$299,916
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2,118 SqFt
SOLD DATE : 05/31/2022
Key Details
Sold Price $300,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,118 sqft
Price per Sqft $141
Subdivision Woodside
MLS Listing ID 1352537
Sold Date 05/31/22
Originating Board Greater Chattanooga REALTORS®
Year Built 1948
Lot Size 7,840 Sqft
Acres 0.18
Lot Dimensions 50X160
Property Description
Investment quad plex being sold as is. Three units are one bedroom and one bathroom, the 4th is a large 3 bedroom 1.5 bathroom unit. All units are currently occupied. The 3 bedroom unit is on an existing lease until 12/19/22 and rents at $1125. The other three units are also occupied, all on month to month leases to offer flexibility for new owner. One unit section 8 lease at $749/month. A recent request for increase has been initiated with the C.H.A. The second unit is a market tenant paying $700 a month. Market rent should be $800. The third one bedroom is also a month to month tenant on section 8. Current rent is $727. This tenant has been served a notice to vacate. The tenants pay utilities. Yard work is owners responsibility.
Location
State TN
County Hamilton
Area 0.18
Rooms
Basement Partial
Interior
Heating Space Heater
Cooling Wall Unit(s), Window Unit(s)
Fireplace No
Heat Source Space Heater
Exterior
Community Features None
Utilities Available Sewer Connected
View Other
Roof Type Shingle
Garage No
Building
Lot Description Sloped
Faces From I 24 Exit 181 Fourth Ave. Head south on Fourth. Turn right on 23rd St Take first exit on round about on 29th st Turn right on 14th
Story One and One Half
Structure Type Fiber Cement
Schools
Elementary Schools Clifton Hills Elementary
Middle Schools East Lake Academy Of Fine Arts
High Schools Howard School Of Academics & Tech
Others
Senior Community No
Tax ID 156n A 012
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
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