3627 6th Avenue, Chattanooga, TN 37407 (MLS# 1350530)

3627 6th Avenue, Chattanooga, TN 37407

$256,667

Property Type: Residential Income Square Footage: 2,560 Lot Size (sq. ft.): 7,405 Status: Closed

Current Price: $256,667 List Date: 2/25/2022 Last Modified: 9/09/2024

Overview

Description

Incredible opportunity to purchase three duplexes in East Lake with excellent rental income history. 3619, 3627 & 3635 6th Ave are neighboring two-story duplexes being sold as a package deal; all three were built in 2007 and feature 2,560 sqft and low maintenance brick and vinyl siding exteriors. All six units boast 3 bedrooms, 2 full bathrooms, living rooms, eat-in kitchens, a laundry room, and off-street parking. The duplexes are currently 100% occupied with a $5,875 GMI. Situated a few blocks away from two city parks and just off of Rossville Blvd, these duplexes are just minutes from downtown Chattanooga, popular Southside, St Elmo, Lookout Mountain, Rossville, and I-24 access.

Supplements: Since the properties are tenant occupied, showings can only be scheduled after an accepted letter of intent or accepted contract. **All offers will be reviewed at 5pm on Monday 2/28.**

Listing Details MLS# 1350530

General Property Information

Number Of Units Total: 2
Stories: 2
Living Area: 2560
Year Built: 2007
New Construction YN: No
Home Warranty YN: No
Garage YN: No
Attached Garage YN: No
Carport YN: No
Lot Size Acres: 0.17
Lot Size Square Feet: 7405.2
Lot Size Dimensions: 50.3X140
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 306.64
Sold Price/SqFt: 100.26

Property Features

Construction Materials: Brick; Other Cooling: Central Air; Electric Current Financing: None Fencing: Fenced Foundation Details: Slab Heating: Central; Electric Levels: Two Listing Terms: Cash; Conventional Lot Features: Level Parking Features: Off Street Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Investor Tenant Pays: All Utilities Utilities: Sewer Connected Water Source: Public Lock Box Type: None

Contract Information

Auction YN: No
Listing Contract Date: 2022-02-25
Property Sub Type: Duplex
Occupant Type: Tenant

Location Tax and Legal

Street Number: 3627
Street Name: 6th
Street Suffix: Avenue
County: Hamilton
State: TN
Postal Code: 37407
Subdivision Name: East End Land Co

Remarks and Miscellaneous

Public Remarks: Incredible opportunity to purchase three duplexes in East Lake with excellent rental income history. 3619, 3627 & 3635 6th Ave are neighboring two-story duplexes being sold as a package deal; all three were built in 2007 and feature 2,560 sqft and low maintenance brick and vinyl siding exteriors. All six units boast 3 bedrooms, 2 full bathrooms, living rooms, eat-in kitchens, a laundry room, and off-street parking. The duplexes are currently 100% occupied with a $5,875 GMI. Situated a few blocks away from two city parks and just off of Rossville Blvd, these duplexes are just minutes from downtown Chattanooga, popular Southside, St Elmo, Lookout Mountain, Rossville, and I-24 access.
Directions: Heading S on Rossville Blvd from downtown Chattanooga, turn Left onto E 37th St. Continue on E 37th St (after the intersection with Clio Ave) then turn Left onto 6th Ave. The duplex is on the Left.

Status Change Information

Major Change Timestamp: 2022-04-19T15:20:24Z
Major Change Type: Status Change
Status Change Timestamp: 2022-04-19
Under Contract Date: 2022-03-02
Close Date: 2022-04-14
Close Price: 256667

More Information

Unit 1

Unit Number: 3631
Total Full Baths: 2
Kitchen: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 2

Unit Number: 3627
Total Full Baths: 2
Kitchen: Yes
Living Room: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 305329
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 265082

Historical Information

Public Historical Remarks 1: Owner Pays: None. Unit 1 Features: 2+ Baths. Unit 2 Features: 2+ Baths.

Location, Tax, and Legal

Parcel Number: 168b G 017
Office Exclusive: No
Elementary School: Clifton Hills Elementary
Middle Or Junior School: East Lake Academy of Fine Arts
High School: Howard School of Academics & Tech
Tax Annual Amount: 2196.38
Tax Legal Description: Lt 12 Blk 102 E/E Ld Co Add No 1 Pb 2 Pg22 0151 15 09
Deed Book: 10119
Deed Page: 406

Construction Materials

Brick: Yes
Other: Yes

Fencing

Fenced: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Level: Yes

Possession

Close Of Escrow: Yes

Special Listing Conditions

Investor: Yes

Utilities

Sewer Connected: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Foundation Details

Slab: Yes

Parking Features

Off Street: Yes

Tenant Pays

All Utilities: Yes

Current Financing

None: Yes

Levels

Two: Yes

Heating

Central: Yes
Electric: Yes

Roof

Shingle: Yes

Lock Box Type

None: Yes

Documents

Confirmation of Agency ›

Listing Office: Chattanooga Real Estate Group LLC

Last Updated: September - 09 - 2024

Information deemed reliable but not guaranteed.