1002 Ogrady Drive, Chattanooga, TN 37419 (MLS# 1381591)

1002 Ogrady Drive, Chattanooga, TN 37419

$730,000

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Property Type: Residential Income Square Footage: 6,464 Lot Size (sq. ft.): 27,878 Status: Closed

Current Price: $730,000 List Date: 10/20/2023 Last Modified: 9/09/2024

Overview

Description

Calling all investors! A rare Lookout Valley investment opportunity, these two triplexes are located across the driveway from one another for easy management. Fully occupied Brick structure Five - Two bed, One bath units One- Two bed, One and half bath 2 units have garages 4 units have carports Additional storage building on property. Current rental rates are well below market rates with room for immediate growth.

Listing Details MLS# 1381591

General Property Information

Number Of Units Total: 6
Stories: Yes
Living Area: 6464
Year Built: 1968
New Construction YN: No
Home Warranty YN: No
Garage YN: Yes
Attached Garage YN: No
Garage Spaces: Yes
Carport YN: Yes
Carport Spaces: Yes
Lot Size Acres: 0.64
Lot Size Square Feet: 27878.4
Lot Size Dimensions: 91x179x157x64
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 119.89
Sold Price/SqFt: 112.93

Property Features

Basement: Crawl Space Community Features: None Construction Materials: Brick Cooling: Central Air; Electric Current Financing: Private Heating: Central; Electric Interior Features: Eat-in Kitchen Levels: One Listing Terms: Cash; Conventional Lot Features: Level Possession: Close Of Escrow Roof: Shingle Sewer: Septic Tank Special Listing Conditions: Investor Tenant Pays: All Utilities Water Source: Public Lock Box Type: None

Contract Information

Auction YN: No
Listing Contract Date: 2023-10-20
Property Sub Type: Triplex

Location Tax and Legal

Street Number: 1002
Street Name: Ogrady
Street Suffix: Drive
County: Hamilton
State: TN
Postal Code: 37419
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Calling all investors! A rare Lookout Valley investment opportunity, these two triplexes are located across the driveway from one another for easy management. Fully occupied Brick structure Five - Two bed, One bath units One- Two bed, One and half bath 2 units have garages 4 units have carports Additional storage building on property. Current rental rates are well below market rates with room for immediate growth.
Directions: From I-24, exit onto Browns Ferry Rd, turn right. Turn left onto Elder Mountain Rd, turn right on onto Ogrady Drive. Home is on the right.

Status Change Information

Major Change Timestamp: 2024-01-18T17:28:41Z
Major Change Type: Status Change
Status Change Timestamp: 2024-01-18
Under Contract Date: 2023-12-01
Close Date: 2024-01-17
Close Price: 730000

More Information

Unit 1

Unit Number: Yes
Total Full Baths: Yes
Total Half Baths: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes

Unit 2

Unit Number: 2
Total Full Baths: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes

Unit 3

Unit Number: 3
Total Full Baths: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes

Unit 4

Unit Number: 4
Total Full Baths: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes

Unit 5

Unit Number: Yes
Baths Total (Legacy): 1.5
Unit Remarks: Furnished: U, Stories: 1

Unit 6

Unit Number: 2
Baths Total (Legacy): Yes
Unit Remarks: Furnished: U, Stories: 1

Unit 7

Unit Number: 3
Baths Total (Legacy): Yes
Unit Remarks: Furnished: U, Stories: 1

Unit 8

Unit Number: 4
Baths Total (Legacy): Yes
Unit Remarks: Furnished: U, Stories: 1

Unit 9

Unit Number: 5
Baths Total (Legacy): Yes
Unit Remarks: Furnished: U, Stories: 1

Unit 10

Unit Number: 6
Baths Total (Legacy): Yes
Unit Remarks: Furnished: U, Stories: 1

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 321895
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 259794
Co-Listing Agent's License Number: 320892

Historical Information

Public Historical Remarks 1: Owner Pays: None. Unit 1 Features: 1.5 Baths. Unit 2 Features: 1 Bath. Unit 3 Features: 1 Bath.

Location, Tax, and Legal

Parcel Number: 134m B 004
Office Exclusive: No
Elementary School: Lookout Valley Elementary
Middle Or Junior School: Lookout Valley Middle
High School: Lookout Valley High
Tax Annual Amount: 3618.56
Tax Legal Description: Lt 6 Valley Village Pb 25 Pg 29
Deed Book: 10291
Deed Page: 911

Basement

Crawl Space: Yes

Community Features

None: Yes

Construction Materials

Brick: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Possession

Close Of Escrow: Yes

Sewer

Septic Tank: Yes

Special Listing Conditions

Investor: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Tenant Pays

All Utilities: Yes

Current Financing

Private: Yes

Levels

One: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Eat-in Kitchen: Yes

Roof

Shingle: Yes

Lock Box Type

None: Yes

Listing Office: Keller Williams Realty

Last Updated: September - 09 - 2024

Information deemed reliable but not guaranteed.