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Off market
  • $514,400

    8881 Millard Lee Ln, Chattanooga, TN 37416

    16beds
    4,306sqft
    Quadruplex
    Built in 1984
    -- sqft lot
    $514,400 Zestimate®
    $119/sqft
    $1,459 Estimated rent

    Home value

    $514,400

    $437,000 - $612,000

    $1,459/mo

    Zestimate® history
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    What's special

    Property is under contract. Multiple offers received. Attention investors! This Harrison Quadplex brings in $3337 in Gross Monthly Rents. Current rents are $765, $985, $787, and $800. The HUD Fair Market Rent for 2 Bedrooms in 37416 is $930 which allows potential to increase GMR to $3720+. Since the property is tenant occupied the seller requires an accepted offer with a contingency to view. Call for questions and offers.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Corey Ballew 423-529-0696,

    REAL Broker

    Bought with:

    Laila S Punjani, 323356

    United Real Estate Experts

    Source: Greater Chattanooga Realtors,MLS#: 1342584

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 16
    • Bathrooms: 8
    • Full bathrooms: 8
    Heating
    • Central
    Cooling
    • Central Air
    Features
    • Open Floorplan
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 4,306
    • Total interior livable area: 4,306 sqft

    Property

    Parking
    • Parking features: Off Street
    Features
    • Levels: Two
    • On waterfront: Yes
    Lot
    • Size: 0.8 Acres
    • Dimensions: 90.3 x 250.0
    • Features: Cul-De-Sac, Gentle Sloping, Level, Wooded
    Details
    • Parcel number: 120c A 006.17
    • Special conditions: Real Estate Owned,Investor

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    Materials
    • Brick, Other
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & HOA

    Community
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Chattanooga

    Financial & listing details

    • Price per square foot: $119/sqft
    • Annual tax amount: $2,305
    • Date on market: 9/3/2021
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    10/21/2021Sold$456,000+194.2%$106/sqft
    Source: Greater Chattanooga Realtors #1342584 Report a problem
    6/5/2015Sold$155,000$36/sqft
    Source: Greater Chattanooga Realtors #1225020 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37416

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Harrison Elementary
    • Middle: Brown Middle
    • High: Central 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
    $514,400
    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
    $514,400