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Key Details
Sold Price $405,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 5,550 sqft
Price per Sqft $72
MLS Listing ID 1372545
Sold Date 07/17/23
Originating Board Greater Chattanooga REALTORS®
Year Built 2003
Lot Size 5.670 Acres
Acres 5.67
Lot Dimensions 5.67 Acres +/-
Property Description
Welcome to this fantastic real estate opportunity! Located on a sprawling 5.67-acre lot, this property features a quadplex and duplex that are up for sale. With plenty of room to build more, this property presents an incredible investment opportunity for buyers looking to expand their real estate portfolio. The quadplex, built in 2003, and the duplex, built in 2009, are both in excellent condition and have been well-maintained over the years. With a current gross income of $3625 per month, this property offers a steady stream of passive income for its new owners. Additionally, there is one unit available that is currently being renovated before closing, offering the opportunity to increase the property's earning potential even further. All units have brand new water heaters, and all appliances are less than 2 years old, ensuring a hassle-free experience for tenants. Currently being serviced by 3 septic tanks, the property is designed to accommodate the needs of its residents. Whether you're an experienced real estate investor or just starting in the business, this property presents an incredible opportunity to build wealth and secure a steady stream of passive income for years to come. Don't miss out on this once-in-a-lifetime chance to own a piece of real estate in a prime location. Schedule a viewing today and see for yourself what this incredible property has to offer!
Location
State AL
County Jackson
Area 5.67
Rooms
Basement Crawl Space
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Air, Electric
Fireplace No
Heat Source Central, Electric
Exterior
Garage Off Street
Garage Description Off Street
Utilities Available Cable Available
Roof Type Metal
Porch Deck, Patio
Parking Type Off Street
Garage No
Building
Lot Description Level, Rural
Faces From Trenton, Ga Head west on Hwy 136, at the top of the mountain Turn left onto Michael's rd. Continue Straight to Co Rd 155. Turn Tight onto Co Rd 324, Property is 1/4 mile on the left.
Story One
Sewer Septic Tank
Water Public
Structure Type Other
Schools
Elementary Schools North Sand Mountain Elementary
Middle Schools North Sand Mountain
High Schools North Sand Mountain
Others
Senior Community No
Tax ID 17-01-11-0-000-002.000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
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Jennifer Jones
CEO, Broker | License ID: 330369, 362343
CEO, Broker License ID: 330369, 362343