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Sold for $430,000 on 12/08/23
  • $430,000

    1015 Lee Ave, Rossville, GA 30741

    10beds
    2,604sqft
    Quadruplex
    Built in 1962
    -- sqft lot
    $438,500 Zestimate®
    $165/sqft
    $1,391 Estimated rent

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    What's special

    Welcome to 1015 Lee Ave! A fully renovated and well maintained Quadplex on a large, level lot and impressive financial performance! It's a very quick and simple commute into downtown Chattanooga or many other areas of North Georgia. Restaurants, groceries, etc... are all just minutes away. Each unit has 2 bedrooms, updated bathroom, kitchen and living room. Each unit rents for $995/month ($3,980/mo gross revenue) and all are occupied with happy tenants who would be satisfied to stay. Each tenant has paid $1,000 Security Deposit + Last Months Rent which are on deposit and transferable to the new owner on day of closing. A large shared green space awaits right outside the back kitchen door. Each unit is setup on separate utilities: water, electricity, sewer - and tenants pay all utilities. All units have central heat and air and 3 out of 4 units have been recently replaced with new units. Per the seller 3 new HVAC units are still under warranty: 2 years labor and 10 year parts warranty. Interiors have all been remodeled over the last few years and owner has systematically taken care of any known issues and has this property dialed in for years of great returns. The owner has even planted beautiful daffodils and lilies around the lot to add a little spring beauty for the tenants. This owner isn't your average ''set it and forget about it'' investor! If you're looking for a solid turnkey investment opportunity with proven investment returns this is the Quad you've been looking for!

    Zillow last checked: 7 hours ago

    Listing updated: October 31, 2024 at 06:22am

    Listed by:

    Jeremiah Reynolds 423-347-1321,

    Horizon Sotheby's International Realty

    Bought with:

    Susan S Jensen, 205802

    Horizon Sotheby's International Realty

    Source: Greater Chattanooga Realtors,MLS#: 1381550

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Features
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 2,604
    • Total interior livable area: 2,604 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: One
    • Stories: 1
    Lot
    • Size: 0.29 Acres
    • Dimensions: 105 x 120
    • Features: Level
    Details
    • Parcel number: 2011 029
    • Special conditions: Investor

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick
    • Roof: Metal
    Condition
    • New construction: No
    • Year built: 1962

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Rossville
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash,Conventional
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    Estimated market value
    $438,500