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Sold for $875,000 on 03/15/24
  • $875,000

    16 Pioneer Ln, Ringgold, GA 30736

    7beds
    3,977sqft
    Multi Family
    Built in 1961
    -- sqft lot
    $353,400 Zestimate®
    $220/sqft
    $1,220 Estimated rent

    What's special

    SELLER OFFERING OWNER FINANCING ON AN INCOME PROPERTY! 9 units in Ringgold approximately 20 minutes from downtown Chattanooga and convenient to Camp Jordan, East Brainerd, East Ridge and more! This well cared for property comes fully furnished and fully leased with the potential to convert to short-term rentals in the future if preferred. There are currently 9 units with the owner occupying the 2-bedroom unit, a one-bedroom unit, and the remainder are studios in varying sizes and configurations. The front house was originally a ranch style home which has been converted into 5 units with the rear guest house having 4 additional units plus the common laundry facility. The owner's unit is on the main level in the back building and has a kitchen open to the dining room which in turn opens to the living area. The living and dining areas have large picture windows overlooking the backyard and great natural light. The master bedroom has 2 closets, one of which is a large walk-in closet with a stackable washer and dryer. It also has shared access to the full bath with jetted tub and a separate tiled shower. In addition to being furnished, the other units feature hardwood, tile and carpet, closet systems. appliances, bedding, and linens, and 3 of the units have their own washers and dryers. There are nice outdoor living spaces with a central patio area adjoining the front and back buildings, a covered porch with entry to a common foyer on the front house and upper and lower covered decks on the back house. The front house also has an enclosed porch that is currently being used as a storage room that could potentially be converted to another studio with access to both a common and private deck. A detached outbuilding provides additional storage or workshop needs. For parking, there is a driveway on one side and a spacious common parking area on the other. For parking there is a driveway on one side and a spacious common parking area on the other. A level backyard and attractive landscaping complete the package. Please call for additional information and to schedule a showing. Due to number of tenants, varying work schedules and lease requirements, initial showings to include owner's unit, plus a sampling of other units with showings of all units to be accommodated once property is under contract with 72 hours' notice to the tenants per lease requirements. Information is deemed reliable but not guaranteed. Buyer to verify any and all information they deem important.

    Zillow last checked: 7 hours ago

    Listing updated: December 14, 2024 at 12:12am

    Listed by:

    Jay Robinson 423-903-6404,

    Keller Williams Realty

    Bought with:

    Tevan Holder, 362428

    Keller Williams Realty

    Source: Greater Chattanooga Realtors,MLS#: 1376746

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Central, Electric, Space Heater
    Cooling
    • Central Air, Electric, Multi Units, Wall Unit(s), Window Unit(s)
    Appliances
    • Laundry: Common Area
    Features
    • Open Floorplan
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 3,977
    • Total interior livable area: 3,977 sqft

    Property

    Parking
    • Parking features: Kitchen Level
    • Has garage: Yes
    Features
    • Levels: One,Two
    • Stories: 2
    • Patio & porch: Deck, Patio
    • Exterior features: Private Yard
    Lot
    • Size: 0.48 Acres
    • Dimensions: 140 x 150
    • Features: Level
    Details
    • Parcel number: 0020d061

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Brick, Other
    • Foundation: Slab
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1961

    Utilities & green energy

    • Water: Public
    • Utilities for property: Sewer Connected

    Community & neighborhood

    Location
    • Region: Ringgold
    • Subdivision: None

    Other

    Other facts
    • Listing terms: Cash,Owner May Carry
    Services availability
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    Estimated market value

    $353,400