5307 Hwy 58, Chattanooga, TN 37416
$1,000,000
Property Type:
Residential Income
Square Footage:
34,926
Status:
Closed
Current Price:
$1,000,000
List Date:
12/13/2012
Last Modified:
9/09/2024
Overview
Description
Supplements: ... (Read more) K-UPS. TWO BEDROOM UNITS HAVE DOUBLE VANITIES IN BATHROOM AREA WITH TUB AND SHOWER COMBO, LIVING ROOM, DINING ROOM, LAUNDRY CLOSET, LINEN CLOSET, COAT CLOSET. MOST 1 BEDROOM UNITS HAVE WINDOW AIR/HEAT (HOTEL STYLE). THERE IS CENTRAL HEAT & AIR IN ALL THE 2 BEDROOM UNITS. 1 BEDROOM UNITS RENTED FROM $450 TO $475, 2 BEDROOMS RENTED FROM $525 TO $550. AT THIS TIME ONLY 17 UNITS ARE RENTED. RIVER CITY PROPERTY MANAGEMENT IS WORKING WITH THE BANK TO RENT THE UNITS AS QUICKLY AS POSSIBLE. NO SALE SIGN OR LOCK BOX AT PROPERTY. THERE ARE VACANT UNITS TO VIEW SO CALL TODAY TO TAKE A LOOK!
Listing Details MLS# 1187900
General Property Information
- Number Of Units Total
- 48
- Stories
- 2
- Living Area
- 34926
- Year Built
- 1977
- New Construction YN
- No
- Home Warranty YN
- No
- Garage YN
- No
- Attached Garage YN
- No
- Carport YN
- No
- Lot Size Dimensions
- 648X75X52.971
- Association YN
- No
- View YN
- No
- Waterfront YN
- No
- Basement YN
- Yes
- Fireplace YN
- No
- List Price/SqFt
- 42.95
- Sold Price/SqFt
- 28.63
Property Features
Basement:
Crawl Space
Cooling:
Central Air; Electric
Current Financing:
Conventional
Heating:
Electric
Interior Features:
Eat-in Kitchen
Levels:
Two
Lot Features:
Sloped
Parking Features:
Off Street
Patio And Porch Features:
Deck; Patio
Possession:
Close Of Escrow
Roof:
Shingle
Sewer:
Septic Tank
Special Listing Conditions:
Real Estate Owned
Tenant Pays:
Electricity; Water
Lock Box Type:
None
Contract Information
- Listing Contract Date
- 2012-12-13
- Property Sub Type
- Apartment
Location Tax and Legal
- Street Number
- 5307
- Street Name
- Hwy 58
- County
- Hamilton
- State
- TN
- Postal Code
- 37416
- Subdivision Name
- None
Remarks and Miscellaneous
- Public Remarks
- GREAT INVESTMENT OPPORTUNITY! BANK OWNED! ALL OFFERS CONSIDERED! NO WARRANTIES NO REPS ''SOLD AS IS'' COMPLEX BEING MANAGED BY RIVER CITY PROPERTY MANAGEMENT TO RENT UP VACANCIES. PREVIOUS OWNERS LOST A LOT TO TENANTS FROM LACK OF MANAGEMENT AND MAINTENANCE. THE APARTMENT COMPLEX CONSIST OF 24 1 BEDROOM, 1 BATH UNITS, AND 24 2 BEDROOM, 1 BATH. THE BUILDING HAS TWO LEVELS WITH A BREEZEWAY. THE LOWER LEVEL UNITS ALL HAVE PATIOS, UPPER UNITS HAVE BALCONIES. EXTERIOR HAS BEEN PAINTED IN 2011 WITH RUSTIC COLORS TO ENHANCE THE SPANISH DESIGN. THIS IS A GREAT LOCATION CLOSE TO SHOPPING, SCHOOLS, VW, AND ONLY 15 MINUTES TO DOWNTOWN. SOME UNITS HAVE BEEN PARTIALLY RENOVATED WITH NEW CARPET, AND PAINT. SOME OF THE UNITS HAVE APPLIANCES STOVE, REFRIGERATORS, DISHWASHERS, ALL UNITS HAVE WASHER/DRY
- Directions
- Take Highway 58 complex is on the left
Status Change Information
- Major Change Timestamp
- 2013-04-25T12:02:24Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2012-12-13T22:09:05Z
- Status Change Timestamp
- 2013-04-25
- Under Contract Date
- 2013-01-23
- Close Date
- 2013-04-25
- Close Price
- 1000000
More Information
Unit 1
- Unit Number
- 24
- Total Full Baths
- Yes
- Living Room
- Yes
- Washer Dryer Hookups
- Yes
Unit 2
- Unit Number
- 24
- Total Full Baths
- Yes
- Living Room
- Yes
- Washer Dryer Hookups
- Yes
Historical Information
- Public Historical Remarks 1
- Unit 1 Features: 1 Bath. Unit 2 Features: 1 Bath.
Location, Tax, and Legal
- Parcel Number
- 129EA011
- Office Exclusive
- No
- Elementary School
- Harrison Elementary
- Middle Or Junior School
- Brown Middle
- High School
- Central High School
- Tax Legal Description
- Lt Spanish Villa Sub Pb 84 Pg 72 Spanish Villa Units
Basement
- Crawl Space
- Yes
Lot Features
- Sloped
- Yes
Possession
- Close Of Escrow
- Yes
Sewer
- Septic Tank
- Yes
Special Listing Conditions
- Real Estate Owned
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Parking Features
- Off Street
- Yes
Tenant Pays
- Electricity
- Yes
- Water
- Yes
Current Financing
- Conventional
- Yes
Levels
- Two
- Yes
Patio And Porch Features
- Deck
- Yes
- Patio
- Yes
Heating
- Electric
- Yes
Interior Features
- Eat-in Kitchen
- Yes
Roof
- Shingle
- Yes
Lock Box Type
- None
- Yes
Listing Office:
Choo Choo Realty
Last Updated: September - 09 - 2024
Information deemed reliable but not guaranteed.