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Sold for $430,000
  • $430,000

    1015 Lee Ave, Rossville, GA 30741

    16beds
    2,604sqft
    Quadruplex
    Built in 1962
    -- sqft lot
    $427,600 Zestimate®
    $165/sqft
    $1,352 Estimated rent

    Home value

    $427,600

    $398,000 - $453,000

    $1,352/mo

    Zestimate® history
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    What's special

    Fully renovatedUpdated bathroomCentral heatLarge shared green space
    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:

    Listing updated:

    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: 16
    • 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
    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 & HOA

    Community
    • Features: None
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Rossville

    Financial & listing details

    • Price per square foot: $165/sqft
    • Tax assessed value: $226,442
    • Annual tax amount: $2,486
    • Date on market: 10/19/2023
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity, Sewer, Water

    Price history

    DateEventPrice
    12/8/2023Sold$430,000+0.2%$165/sqft
    Source: Greater Chattanooga Realtors #1381550 Report a problem
    10/31/2023Pending sale$429,000$165/sqft
    Source: BHHS broker feed #1381550 Report a problem
    10/30/2023Contingent$429,000$165/sqft
    Source: Greater Chattanooga Realtors #1381550 Report a problem
    10/19/2023Listed for sale$429,000+560%$165/sqft
    Source: Greater Chattanooga Realtors #1381550 Report a problem
    11/23/2016Sold$65,000-51.9%$25/sqft
    Source: Greater Chattanooga Realtors #1244328 Report a problem
    10/10/2016Pending sale$135,000$52/sqft
    Source: Keller Williams - Chattanooga - East Brainerd #1244328 Report a problem
    7/15/2016Listed for sale$135,000$52/sqft
    Source: Visual Tour #1244328 Report a problem
    6/1/2016Listing removed$135,000$52/sqft
    Source: Keller Williams - Chattanooga - East Brainerd #1244328 Report a problem
    5/14/2016Listed for sale$135,000$52/sqft
    Source: Keller Williams - Chattanooga - East Brainerd #1244328 Report a problem
    4/29/2016Pending sale$135,000$52/sqft
    Source: Keller Williams - Chattanooga - East Brainerd #1244328 Report a problem
    4/15/2016Listed for sale$135,000$52/sqft
    Source: Keller Williams - Chattanooga - East Brainerd #1244328 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,771 -6.3%$90,577 -1.5%
    2024$2,956 +15.5%$91,944 +18.6%
    2023$2,559 +2.9%$77,506 +16.2%
    2022$2,486 +25.8%$66,686 +36.1%
    2021$1,976 +17.7%$48,998 +21.6%
    2020$1,678 +1.8%$40,302
    2019$1,649 -7.9%$40,302
    2018$1,790 +33.6%$40,302
    2017$1,340 $40,302
    2016$1,340 +20.6%$40,302 -7.3%
    2015$1,111 -8.3%$43,486
    2014$1,212 $43,486
    2013$1,212 $43,486
    Find assessor info on the county website

    Neighborhood: 30741

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Rossville Elementary
    • Middle: Rossville Middle
    • High: Ridgeland High School

    Source: Greater Chattanooga Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $427,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $427,600