325 Pine Ridge Rd

Multi-Family for Sale
Catylist Listing ID: 30128150
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,185 SF
Gross Building Area: See Agent
Sale Price: $350,000
Unit Price: $116,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/15/2017

Overview / Comments

This triplex sits on a quiet street in the heart of Hill City. Two units offer 1 bedroom and 1 bathroom and the third larger unit offers 3 bedrooms and 2 bathrooms. Currently 100% occupied and grossing $2,500 in monthly income. With quick access to N Market St and Cherokee Blvd, this property is just minutes from the Stringers Ridge trailhead. Letter of intent required before showings can be scheduled.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135C E 001
Zoning: COMMERCIAL (MULTI-FAMILY APARTMENT)
Percent Occupied: 100%
Property Located Between: Cherokee Blvd and N Market St
Area Description: Quiet street in Hill City area.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1935
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Driveway
Legal Description: Lt 2 Hibbs Sub Pb12 Pg24 Rev 98-1 63 Rev 99-142

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,905 47,783 120,486
Median Age: 32.16 35.12 37.25
Households: 2,312 20,041 50,345

Contact

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