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!
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
Owner options
What's special
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