OFF MARKET Chattanooga Triplex

Hamilton County, Chattanooga, TN, 37404
Sold
Listed at: February 9th, 2021
Price
$110,000
ARV
$182,500
Gross Margin
$72,500
Sq. Footage
1673
Type
Multifamily
Parking
Off street
Year build
1910
Lot size
4800.00 acres
Bedrooms
3
Bathrooms
3
Half Bathrooms
0
Summary

Investors, check this deal out.. its a LEGAL Triplex in Chattanooga!

All units are basically 1 bedrooms & 1 bath. The upstairs unit does technically have 2 bedrooms but you have to pass through one to get to the other one.

  • Unit A - Downstairs Rented at $600 per month
  • Unit B - Downstairs Rented at $625 per month
  • Unit C - Upstairs Rented at $600 per month

All units have been updated in the last few years. The downstairs units could use some subfloor work as they are uneven in some areas. They are structurally fine for now but when the unit goes vacant, it would be a good time to do a proper repair that will last for the long term. The property has a crawl space so making the repairs should not be difficult.

  • Annual Taxes $968.10
  • Total Income per Month $1,825 per month!
  • Tenants have recently signed 1 year leases

Unit A Downstairs Pictures: COMING SOON

Unit B Downstairs Pictures: https://drive.google.com/drive/folders/1mGAf_2jzMckSDNc3EiI8b7O6SAzXr6EM?usp=sharing

Unit C Upstairs Pictures: https://drive.google.com/drive/folders/1SyYwBR5heVcI8LZ4MxBuYpf6-r7OcQ2Q?usp=sharing

All deals cash or hard money only. I like to work with everyone which usually means if you're making money I'm making money...If you are a realtor, please contact us to discuss how we can get you paid! What I am selling is my assignable contract (w/ equitable interest) with the seller of the property. I am not the owner of record.I am not a realtor nor do I portray myself as one. All properties require cash or a private/hard money loan in order to purchase - no conventional or FHA financing available unless otherwise indicated. All inspections must be completed prior to buyer signing the contract. All properties are sold as-is, where is. Buyer must complete all due diligence before submitting an offer and executing any contract. Buyers will need to provide a $5,000 non-refundable deposit at time of contract. Buyer will be responsible for all closing costs unless otherwise indicated. Closing are an assignment of our contract with the seller to the end buyer. Buyer to pay $595 closing fee to ezREIclosings for transaction coordination.
Videos

Off Market Chattanooga Triplex

Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

David Olds

No reviews

Disposition manager