107 Goodson Avenue, Chattanooga, TN 37405
Overview
Description
Supplements: ... (Read more) perated laundry room. Units are all-electric with central HVAC. Water and electric service is metered individually. Units have private decks looking onto mature trees and lawn areas. 85% of units recently remodeled and finished to a high standard with ceramic tile floors in entryways, kitchens and bathrooms; new appliances, including dishwashers, and new decks constructed with composite decking material. Unit floorplans are spacious and popular with tenants. Many long-term tenants in place. Excellent Cash Flow and virtually NO vacancy factor. Consistently enjoys high-quality tenants and wait-list status for both one and two-bedroom units. 1.5 acre lot size w/ R-3 zoning close to Downtown has impressive future development potential.
Listing Details MLS# 1170084
General Property Information
- Number Of Units Total
- 28
- Living Area
- 20648
- Year Built
- 1973
- New Construction YN
- No
- Home Warranty YN
- No
- Garage YN
- No
- Attached Garage YN
- Yes
- Carport YN
- No
- Lot Size Acres
- 1.5
- Lot Size Square Feet
- 65340
- Lot Size Dimensions
- 411.85X223.5IRR
- Association YN
- No
- View YN
- No
- Waterfront YN
- No
- Fireplace YN
- No
- List Price/SqFt
- 39.18
- Sold Price/SqFt
- 37.29
Property Features
Contract Information
- Listing Contract Date
- 2011-10-26
- Property Sub Type
- Apartment
Location Tax and Legal
- Street Number
- 107
- Street Name
- Goodson
- Street Suffix
- Avenue
- County
- Hamilton
- State
- TN
- Postal Code
- 37405
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- Owner retiring. Please do not disturb on-site manager or tenants. 28 units in 4 brick buildings on 1.5 acres just 2+ miles/3 minutes from Downtown Chattanooga, and less than 2 miles to North Shore. 16 one-bedroom units and 12 two-bedroom 1-1/2 bath townhome-style units. Zoned R-3 lot in off-street location with ample parking in a quiet residential neighborhood at North Chattanooga/Red Bank border. One-bedrooms rent between $475 and $525. Two bedrooms rent between $550 and $650. 3 buildings have large open basement areas that could easily be converted into tenant private storage spaces for additional revenue, workshop/storage areas, etc. This low-maintenance property is in excellent condition. Many two-bedroom units have laundry hookups. Additional revenue is generated by an on-site, coin-o
- Directions
- Intersection of Hedgewood & Dayton Blvd; 3 blocks from I-24/27.
Status Change Information
- Major Change Timestamp
- 2012-04-30T12:01:48Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2012-02-20T19:47:18Z
- Status Change Timestamp
- 2012-04-30
- Under Contract Date
- 2012-04-30
- Close Date
- 2012-04-30
- Close Price
- 770000
More Information
Unit 1
- Unit Number
- 16
- Total Full Baths
- Yes
- Total Half Baths
- Yes
Unit 2
- Unit Number
- 12
- Total Full Baths
- Yes
- Total Half Baths
- Yes
- Washer Dryer Hookups
- Yes
Historical Information
- Public Historical Remarks 1
- Unit 1 Features: 1 Bath. Unit 2 Features: 1.5 Baths.
Location, Tax, and Legal
- Parcel Number
- 126C D 008
- Office Exclusive
- No
- Elementary School
- Red Bank Elementary
- Middle Or Junior School
- Red Bank Middle
- High School
- Red Bank High School
- Tax Annual Amount
- 7270
- Tax Legal Description
- LT 90 SMARTT EDMONDSON COKER VALLEY RIDGE APTS 28 UNITS
- Deed Book
- 7659
- Deed Page
- 976
Construction Materials
- Brick
- Yes
Listing Terms
- Conventional
- Yes
- Owner May Carry
- Yes
Lot Features
- Sloped
- Yes
Possession
- Close Of Escrow
- Yes
Utilities
- Sewer Connected
- Yes
Water Source
- Public
- Yes
Cooling
- Electric
- Yes
Parking Features
- Off Street
- Yes
Tenant Pays
- Electricity
- Yes
- Sewer
- Yes
- Water
- Yes
Current Financing
- Conventional
- Yes
Levels
- Two
- Yes
Patio And Porch Features
- Deck
- Yes
- Patio
- Yes
Heating
- Electric
- Yes
Laundry Features
- Common Area
- Yes
Roof
- Shingle
- Yes
Lock Box Type
- None
- Yes