1601 Mitchell Ave

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30130994
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 4,372 SF
Gross Building Area: See Agent
Sale Price: $495,000
Unit Price: $123,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 6/27/2017

Overview / Comments

Located in Chattanooga's Southside, this quadplex is within walking distance to fine dining, shopping, entertainment, the University of Tennessee at Chattanooga. Each unit features 3 spacious bedrooms, 1 & 1/2 bathrooms, living and dining room, and washer/dryer hookups. Some units have been recently renovated to include fresh paint, custom cabinetry, all-black appliances, and plush carpeting. Currently 100% occupied, and offering a gross monthly income of $4,090. Letter of intent will be required before showings can be scheduled. Currently in a multiple offer situation. All offers to be submitted by 6/20 at 5 pm.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145LDC 003
Percent Occupied: 100%
Site Description: Located in Chattanooga's Southside, just off of E Main St.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Laundry: In Each Unit
Zoning Description: Commercial
Legal Description: Pt Lt 130 Fort Negley Addn Pb1 Pg26

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,159 60,161 132,540
Median Age: 32.31 34.14 36.74
Households: 3,970 23,893 54,981



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