$1,100,000
$1,299,000
15.3%For more information regarding the value of a property, please contact us for a free consultation.
8,336 SqFt
SOLD DATE : 08/13/2024
Key Details
Sold Price $1,100,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 8,336 sqft
Price per Sqft $131
MLS Listing ID 2699141
Sold Date 08/13/24
HOA Y/N No
Year Built 1973
Annual Tax Amount $6,012
Lot Dimensions 541.75x176.09
Property Description
Discover an exceptional investment opportunity at the edge of Missionary Ridge. Situated on the mountainside in East Lake, this 8-unit complex boasts ample land to double the unit number. Recently undergoing a complete renovation, the final touches are being applied to the last unit, promising completion within weeks. The property shines with luxury vinyl flooring, custom cabinetry, formica countertops, and extensive mechanical enhancements, presenting itself in pristine condition. A significant investment of over $150,000 has been made in constructing a concrete driveway, parking, and steps, elevating the infrastructure quality. The complex offers a mix of spacious living accommodations, including two 3-bedroom units and six 2-bedroom units, most featuring 1 1/2 bathrooms. Each two-story unit is designed for comfort, with a generous living area, a half-bath, and a large eat-in kitchen on the first floor.
Location
State TN
County Hamilton County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Other
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
Waterfront false
View Y/N false
Roof Type Metal
Parking Type Detached
Private Pool false
Building
Story 2
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools East Lake Elementary School
Middle Schools East Lake Academy Of Fine Arts
High Schools Howard School Of Academics Technology
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
© 2024 Listings courtesy of RealTrac as distributed by MLS GRID. All Rights Reserved.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "