563 S Crest Road, Chattanooga, TN 37404 (MLS# 1376144)

563 S Crest Road, Chattanooga, TN 37404

$875,000

Property Type: Residential Income Square Footage: 3,950 Lot Size (sq. ft.): 14,810 Status: Closed

Current Price: $875,000 List Date: 7/06/2023 Last Modified: 9/08/2024

Overview

Description

Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this a standout investment. Don't miss out – contact us today!

Listing Details MLS# 1376144

General Property Information

Number Of Units Total: 5
Stories: Yes
Living Area: 3950
Year Built: 1947
New Construction YN: No
Home Warranty YN: No
Garage YN: Yes
Attached Garage YN: No
Carport YN: No
Lot Size Acres: 0.34
Lot Size Square Feet: 14810.4
Lot Size Dimensions: 98X150.9
Association YN: No
View YN: Yes
Waterfront YN: No
Basement YN: Yes
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 221.52
Sold Price/SqFt: 221.52

Property Features

Basement: Finished; Full Community Features: None Construction Materials: Brick; Stone; Other Cooling: Central Air; Electric Current Financing: Private Heating: Central; Electric Interior Features: Eat-in Kitchen Levels: One and One Half Listing Terms: Cash; Conventional Lot Features: Brow Lot; Sloped Parking Features: Kitchen Level; Off Street Possession: Close Of Escrow Roof: Shingle Special Listing Conditions: Investor Tenant Pays: Electricity Utilities: Sewer Connected View: Other Water Source: Public Lock Box Type: None

Contract Information

Auction YN: No
Listing Contract Date: 2023-07-06
Property Sub Type: Apartment
Occupant Type: Tenant

Location Tax and Legal

Street Number: 563
Street Direction Prefix: S
Street Name: Crest
Street Suffix: Road
County: Hamilton
State: TN
Postal Code: 37404
Subdivision Name: None

Remarks and Miscellaneous

Public Remarks: Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this a standout investment. Don't miss out – contact us today!
Directions: 24 East to East Ridge Exit, right at roundabout onto 29th, left on Westside Drive, right on S. Crest.

Status Change Information

Major Change Timestamp: 2023-07-07T00:38:16Z
Major Change Type: Status Change
Status Change Timestamp: 2023-07-06
Under Contract Date: 2023-07-06
Close Date: 2023-07-06
Close Price: 875000

More Information

Unit 1

Total Full Baths: Yes
Den: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 2

Total Full Baths: Yes
Den: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 3

Total Full Baths: Yes
Den: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

Unit 4

Total Full Baths: Yes
Den: Yes
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes

License Number Info

Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 321037
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 337

Historical Information

Public Historical Remarks 1: Owner Pays: None. 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: 168j T 016
Office Exclusive: No
Elementary School: East Ridge Elementary
Middle Or Junior School: East Ridge Middle
High School: East Ridge High
Tax Annual Amount: 5513.99
Tax Legal Description: LOT 4 H P ALEXANDERS RESUB PB 9 PG 17 RES USED AS TRIPLEX
Deed Book: 12980
Deed Page: 739

Basement

Finished: Yes
Full: Yes

Community Features

None: Yes

Construction Materials

Brick: Yes
Stone: Yes
Other: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Brow Lot: Yes
Sloped: Yes

Possession

Close Of Escrow: Yes

Special Listing Conditions

Investor: Yes

Utilities

Sewer Connected: Yes

View

Other: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes
Electric: Yes

Parking Features

Kitchen Level: Yes
Off Street: Yes

Tenant Pays

Electricity: Yes

Current Financing

Private: Yes

Levels

One and One Half: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Eat-in Kitchen: Yes

Roof

Shingle: Yes

Lock Box Type

None: Yes

Listing Office: Crye-Leike, REALTORS

Last Updated: September - 08 - 2024

Information deemed reliable but not guaranteed.