12 Unit Multi-Family

Withdrawn Multi-Family for Sale
Catylist Listing ID: 30108234
Property Subtypes: Mid-Rise
Number of Units: 12 Units
Building Size (RSF): 12,480 SF
Gross Building Area: See Agent
Sale Price: $975,000
Unit Price: $81,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Withdrawn On: 9/6/2017
Last Updated: 9/6/2017

Overview / Comments

Incredible investment opportunity in Hixson! This all brick, 12-unit apartment building is located on Ely Rd, close to Hixson Pike and Hwy 153. Currently 100% occupied, this apartment has a gross monthly income of $8,750, and requires minimal if any updates. Each unit has 2 bedrooms, 1.5 bathrooms, a living room, and a kitchen. There is an abundance of parking out front. Don't miss out on this incredible opportunity! Letter of intent is required before showings can be scheduled.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 109K E 024
Percent Occupied: 100%
Area Description: Located on Ely Rd, just off of Hixson Pike. Close access to Hwy 153.
Property Condition: Good
Year Built: 1972
Construction/Siding: Brick
Parking Type: Surface
Legal Description: S/S Ely Road Colonnade Apt 12 Units

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,672 41,793 101,863
Median Age: 39.49 39.01 39.96
Households: 3,717 18,944 43,807


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC GCAR CMLS Member
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