563 South Crest Road

Closed 7/6/23
Closed 7/6/23
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Sold
Last Sold Price
$875,000
8 beds3,950 sqft$222/sqft
563 S Crest Rd, Chattanooga, TN 37404
CondoProperty Type
0.34 acresLot Size
1947Year Built
$222/sq ftPrice per sq ft

Description

Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this...Welcome to 563 S Crest, Chattanooga, TN 37404 – a profitable turnkey investment opportunity featuring a 5-unit apartment complex with recently renovated units. Enjoy breathtaking brow views of downtown scenic city Chattanooga from each unit. With a monthly income of $6,865, this property ensures solid cash flow. The complex consists of four 2-bedroom, 1-bathroom units (840 sq ft each) and one 1-bedroom, 1-bathroom unit (610 sq ft). Prime location, gorgeous views, and modern renovations make this a standout investment. Don't miss out – contact us today!
  • Listed by: Mac Hibbett • Crye-Leike, REALTORS
Listing closed: 07/06/2023 12:00 AM • Source: Greater Chattanooga Association of REALTORS, MLS#: 1376144
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Location

Listing Courtesy of Crye-Leike, REALTORS, Mac Hibbett (423.596.3004)

Sold By Crye-Leike, REALTORS, Mac Hibbett (423.596.3004)

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$4,907 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,448

Property Taxes

$460

HOA Dues

$0

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Property Information for 563 South Crest Road

Property Details
  • Taxes: $5,514 / year
  • MLS Type: MultiFamily / Apartment
  • County: Hamilton County
  • Waterfront: No
Building Information
  • Building/Complex: 563 S Crest Rd
  • Stories: 1
  • Year Built: 1947
Summary
Location and General Information
  • City: Chattanooga
  • County Or Parish: Hamilton
  • Directions: 24 East to East Ridge Exit, right at roundabout onto 29th, left on Westside Drive, right on S. Crest.
  • Latitude: 34.996254
  • Longitude: -85.274211
  • Postal Code: 37404
  • State Or Province: TN
  • Subdivision Name: None
Taxes and HOA
  • Tax Book Number: 12980
  • Tax Legal Description: LOT 4 H P ALEXANDERS RESUB PB 9 PG 17 RES USED AS TRIPLEX
  • Association Fee Frequency: Not Applicable
  • Parcel Number: 168j T 016
  • Association Fee: $0
  • Association: No
  • Tax Annual Amount: $5,514
  • Location Tax Legal Info : Deed Page: 739
  • Property Details : HOA Fee2: 0
School Information
  • Middle Or Junior School: East Ridge Middle
  • High School: East Ridge High
  • Elementary School: East Ridge Elementary
Parking
  • Garage: Yes
  • Attached Garage: No
  • Parking : Main Level: Yes
  • Parking : Off Street Parking: Yes
Property
Lot Information
  • Lot Features: Scenic View, Sloping, Brow Lot
  • Lot Size Dimensions: 98X150.9
  • Lot Size Acres: 0.34
  • Lot Size Square Feet: 14810.4
  • Building Area Total: 3950.0
  • Lot Size Units: Acres
  • Living Area: 3950.0
Property and Assessments
  • Location Tax Legal Info : Multi-Use: No
  • Property Details : 55 Community: No
  • Property Type Label: MultiFamily
  • New Construction: No
  • Home Warranty: No
  • Floor Plans Count: 0
  • Year Built: 1947
  • Property Type: MultiFamily
  • Property Sub Type: Apartment
Utilities
  • WaterSewer : On Sewer: Yes
  • WaterSewer : Public Water: Yes
  • Water Source: On Sewer, Public
  • Utilities: Sewer Connected
Interior and Exterior Features
Exterior Features
  • Senior Community: No
  • Construction Materials: Brick, Siding, Stone
  • Community Features: None
  • Parking Features: Kitchen Level, Off Street
  • Roof: Shingle
  • Property Details : Special Needs: N
  • Roofing : Shingle: Yes
Interior Features
  • Fireplace: No
  • Electric: Yes
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • Bathrooms Total Decimal: 0.0
  • Bathrooms Total Notational: 0.0
  • Cooling: Yes
  • Heating: Yes
  • Basement: Finished, Full
  • Cooling: Central Air, Electric
  • Heating: Central, Electric
  • Levels: 15 Story
  • Interior Features: Eat-in Kitchen
  • Stories: 1
  • Green Features : Central Air: Yes
  • Description : 15 Story: Yes
  • Cooling : Central: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Unit 1
  • Unit 1 : Bedrooms: 2
  • Unit 1 : Full Baths: 1
  • Unit 1 : Half Baths: 0
  • Unit 1 Features : 1 Bath: Yes
  • Unit 1 Features : 2 Bedrooms: Yes
  • Unit 1 Features : Den: Yes
  • Unit 1 Features : Eat-In Kitchen: Yes
  • Unit 1 Features : Laundry Hookup: Yes
  • Unit 1 Features : Oven/Range: Yes
  • Unit 1 Features : Refrigerator: Yes
Unit 2
  • Unit 2 : Bedrooms: 2
  • Unit 2 : Full Baths: 1
  • Unit 2 : Half Baths: 0
  • Unit 2 Features : 1 Bath: Yes
  • Unit 2 Features : 2 Bedrooms: Yes
  • Unit 2 Features : Den: Yes
  • Unit 2 Features : Eat-in Kitchen: Yes
  • Unit 2 Features : Laundry Hookup: Yes
  • Unit 2 Features : Oven/Range: Yes
  • Unit 2 Features : Refrigerator: Yes
Unit 3
  • Unit 3 : Bedrooms: 2
  • Unit 3 : Full Baths: 1
  • Unit 3 Features : 1 Bath: Yes
  • Unit 3 Features : 2 Bedrooms: Yes
  • Unit 3 Features : Den: Yes
  • Unit 3 Features : Eat-in Kitchen: Yes
  • Unit 3 Features : Laundry Hookup: Yes
  • Unit 3 Features : Oven/Range: Yes
  • Unit 3 Features : Refrigerator: Yes
Unit 4
  • Unit 4 : Bedrooms: 2
  • Unit 4 : Full Baths: 1
  • Unit 4 : Half Baths: 0
  • Unit 4 Features : 1 Bath: Yes
  • Unit 4 Features : 2 Bedrooms: Yes
  • Unit 4 Features : Den: Yes
  • Unit 4 Features : Eat-in Kitchen: Yes
  • Unit 4 Features : Laundry Hookup: Yes
  • Unit 4 Features : Oven/Range: Yes
  • Unit 4 Features : Refrigerator: Yes
Rental
Rental Information
  • Tenant Pays: Electricity
  • Property Details : Gross Monthly Rent: $6,865.00

Property History for 563 South Crest Road

DateEvent & SourcePriceAppreciation
Jul 6, 2023

Closed (Public Record)

Public Record #1514677137

$875,000

+30.4% / yr

Jul 6, 2023

Closed

Greater Chattanooga Association of REALTORS #1376144

$875,000—
Jul 6, 2023

Closed

Greater Chattanooga Association of REALTORS #1376144

$875,000—
DateEvent & SourcePrice
07/06/2023

Closed (Public Record)

Public Record #1514677137

$875,000

+30.4% / yr

07/06/2023

Closed

Greater Chattanooga Association of REALTORS #1376144

$875,000
07/06/2023

Closed

Greater Chattanooga Association of REALTORS #1376144

$875,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 563 South Crest Road

Taxable ValueLand-Additions-Total-
Tax Record2025$3,274 ($273 / month)
Home Facts
Total Finished SqFt3,950 SqFtAbove Grade Finished SqFt3,950 SqFtStories1Lot Size14,788 SqFtStyleQuadraplexYear Built1947Year Renovated1970ZoningR1CountyHAMILTONAPN168J T 016

Schools near 563 South Crest Road

This home is within Hamilton County School District.
Rating
School
Type
Grades
Distance
East Ridge Elementary School
Public - PK to 5
East Ridge Middle School
Public - 6 to 8
East Ridge High School
Public - 9 to 12
Chattanooga Charter School Of Excellence
Charter - K to 5
Rating
School
Distance
East Ridge Elementary School
PublicPK to 5

East Ridge Middle School
Public6 to 8

East Ridge High School
Public9 to 12

Chattanooga Charter School Of Excellence
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Crye-Leike, REALTORS, Mac Hibbett (423.596.3004)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 08/27/2024 04:29 AM