16 Pioneer Lane, Ringgold, GA 30736 (MLS# 1376746)

16 Pioneer Lane, Ringgold, GA 30736

$875,000
Property Type: Residential Income Square Footage: 3,977 Lot Size (sq. ft.): 20,909 Status: Closed
Current Price: $875,000 List Date: 7/18/2023 Last Modified: 9/09/2024

Overview

Description

SELLER OFFERING OWNER FINANCING ON AN INCOME PROPERTY! 9 units in Ringgold approximately 20 minutes from downtown Chattanooga and convenient to Camp Jordan, East Brainerd, East Ridge and more! This well cared for property comes fully furnished and fully leased with the potential to convert to short-term rentals in the future if preferred. There are currently 9 units with the owner occupying the 2-bedroom unit, a one-bedroom unit, and the remainder are studios in varying sizes and configurations. The front house was originally a ranch style home which has been converted into 5 units with the rear guest house having 4 additional units plus the common laundry facility. The owner's unit is on the main level in the back building and has a kitchen open to the dining room which in turn opens to the living area. The living and dining areas have large picture windows overlooking the backyard and great natural light. The master bedroom has 2 closets, one of which is a large walk-in closet with a ...

Supplements: For parking there is a driveway on one side and a spacious common parking area on the other. A level backyard and attractive landscaping complete the package. Please call for additional information and to schedule a showing. Due to number of tenants, varying work schedules and lease requirements, initial showings to include owner's unit, plus a sam ...

Listing Details MLS# 1376746

General Property Information

Number Of Units Total
9
Stories
2
Living Area
3977
Year Built
1961
New Construction YN
No
Home Warranty YN
No
Garage YN
Yes
Attached Garage YN
No
Carport YN
No
Lot Size Acres
0.48
Lot Size Square Feet
20908.8
Lot Size Dimensions
140X150
Association YN
No
View YN
No
Waterfront YN
No
Basement YN
No
Fireplace YN
No
Senior Community YN
No
List Price/SqFt
225.04
Sold Price/SqFt
220.02

Property Features

Construction Materials: Brick; Other Cooling: Central Air; Electric; Multi Units; Wall Unit(s); Window Unit(s) Current Financing: None Exterior Features: Private Yard Foundation Details: Slab Heating: Baseboard; Central; Electric; Space Heater Interior Features: Open Floorplan Laundry Features: Common Area Levels: One; Two Listing Terms: Cash; Owner May Carry Lot Features: Level Owner Pays: All Utilities Parking Features: Kitchen Level Patio And Porch Features: Deck; Patio Possession: Close Of Escrow; Negotiable; Subject To Tenant Rights Roof: Shingle Tenant Pays: None Utilities: Sewer Connected Water Source: Public Lock Box Type: None

Contract Information

Auction YN
No
Listing Contract Date
2023-07-17
Property Sub Type
Apartment
Occupant Type
Tenant

Location Tax and Legal

Street Number
16
Street Name
Pioneer
Street Suffix
Lane
County
Catoosa
State
GA
Postal Code
30736
Subdivision Name
None

Remarks and Miscellaneous

Public Remarks
SELLER OFFERING OWNER FINANCING ON AN INCOME PROPERTY! 9 units in Ringgold approximately 20 minutes from downtown Chattanooga and convenient to Camp Jordan, East Brainerd, East Ridge and more! This well cared for property comes fully furnished and fully leased with the potential to convert to short-term rentals in the future if preferred. There are currently 9 units with the owner occupying the 2-bedroom unit, a one-bedroom unit, and the remainder are studios in varying sizes and configurations. The front house was originally a ranch style home which has been converted into 5 units with the rear guest house having 4 additional units plus the common laundry facility. The owner's unit is on the main level in the back building and has a kitchen open to the dining room which in turn opens to the living area. The living and dining areas have large picture windows overlooking the backyard and great natural light. The master bedroom has 2 closets, one of which is a large walk-in closet with a stackable washer and dryer. It also has shared access to the full bath with jetted tub and a separate tiled shower. In addition to being furnished, the other units feature hardwood, tile and carpet, closet systems. appliances, bedding, and linens, and 3 of the units have their own washers and dryers. There are nice outdoor living spaces with a central patio area adjoining the front and back buildings, a covered porch with entry to a common foyer on the front house and upper and lower covered decks on the back house. The front house also has an enclosed porch that is currently being used as a storage room that could potentially be converted to another studio with access to both a common and private deck. A detached outbuilding provides additional storage or workshop needs. For parking, there is a driveway on one side and a spacious common parking area on the other.
Directions
From Chattanooga, Ringgold Rd (Hwy 41) south towards Ringgold, Left on Judith, right on Shirley, right into gravel parking which is Pioneer Lane.

Status Change Information

Major Change Timestamp
2024-03-15T16:25:46Z
Major Change Type
Status Change
Price Change Timestamp
2023-11-15T00:03:16Z
Status Change Timestamp
2024-03-15
Under Contract Date
2024-01-05
Close Date
2024-03-15
Close Price
875000

More Information

Unit 1

Unit Number
16
Total Full Baths
Yes
Kitchen
Yes
Microwave
Yes
Stove
Yes

Unit 2

Unit Number
14
Total Full Baths
Yes
Kitchen
Yes
Living Room
Yes
Microwave
Yes
Washer Dryer Hookups
Yes

Unit 3

Unit Number
16
Actual Rent
1700
Total Full Baths
Yes
Baths Total (Legacy)
Yes
Efficiency
Yes
Kitchen
Yes
Microwave
Yes
Refrigerator
Yes
Unit Remarks
Owner's unit, Furnished: U, Stories: 1

Unit 4

Unit Number
14
Actual Rent
1140
Total Full Baths
Yes
Baths Total (Legacy)
Yes
Efficiency
Yes
Kitchen
Yes
Microwave
Yes
Refrigerator
Yes
Unit Remarks
BR set is tenant's, Furnished: P, Stories: 1

Unit 5

Unit Number
10
Actual Rent
980
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 6

Unit Number
12
Actual Rent
1096.5
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 7

Unit Number
16B
Actual Rent
705
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 8

Unit Number
47
Actual Rent
1170
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 9

Unit Number
114
Actual Rent
1090
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 10

Unit Number
49
Actual Rent
1032
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

Unit 11

Unit Number
49
Actual Rent
980
Baths Total (Legacy)
Yes
Unit Remarks
studio, Furnished: F, Stories: 1

License Number Info

Listing Agent’s State of Licensure
GA
Listing Agent’s License Number
203907
Listing Office’s State of Licensure
GA
Listing Office’s License Number
58336

Historical Information

Public Historical Remarks 1
Description: Converted. Owner Pays: All Utilities. Unit 1 Features: 1 Bath. Unit 2 Features: 1 Bath. Unit 3 Features: 1 Bath. Unit 4 Features: 1 Bath.

Location, Tax, and Legal

Parcel Number
0020d-061
Office Exclusive
No
Elementary School
Graysville Elementary School
Middle Or Junior School
Ringgold Middle
High School
Ringgold High School
Tax Annual Amount
1915.24
Tax Legal Description
LOT 11 & PART LOT 10 EAST GARDEN TERRACE LANDLOT: 68 LANDDIST: 28/
Deed Book
990
Deed Page
654

Construction Materials

Brick
Yes
Other
Yes

Exterior Features

Private Yard
Yes

Listing Terms

Cash
Yes
Owner May Carry
Yes

Lot Features

Level
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes
Subject To Tenant Rights
Yes

Utilities

Sewer Connected
Yes

Water Source

Public
Yes

Cooling

Central Air
Yes
Electric
Yes
Multi Units
Yes
Wall Unit(s)
Yes
Window Unit(s)
Yes

Foundation Details

Slab
Yes

Owner Pays

All Utilities
Yes

Parking Features

Kitchen Level
Yes

Tenant Pays

None
Yes

Current Financing

None
Yes

Levels

One
Yes
Two
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes

Heating

Baseboard
Yes
Central
Yes
Electric
Yes
Space Heater
Yes

Interior Features

Open Floorplan
Yes

Laundry Features

Common Area
Yes

Roof

Shingle
Yes

Lock Box Type

None
Yes

Documents

Listing Office: Keller Williams Realty
Last Updated: September - 09 - 2024
Information deemed reliable but not guaranteed.
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