5 UTC STUDENT Rentals for Sale

Multi-Family for Sale
Catylist Listing ID: 30170403
Property Subtypes: Duplex/Fourplex, Student Housing
Number of Units: 5 Units
Building Size (RSF): 6,318 SF
Gross Building Area: See Agent
Sale Price: $590,000
Unit Price: $118,000 Per Unit
Property Use Type: Investment
Building Name: UTC Student Housing Package
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/16/2017

Overview / Comments

5 UTC student rentals. Contiguous. Located at the corner of Park Ave and Flynn Street. Walk to campus. Close to Erlanger Hospital. Walk to new breweries, restaurants and retail on MLK. Backyards meet to create excellent parking opportunity. Rare opportunity to find 5 contiguous Student Rentals!

1044 Flynn, 1125 sf new construction, 3 bed/ 2 bath (completion December)
1042 Flynn, 974 sf needs remodeled for occupancy
1040 Flynn, 1006 sf single family 2 bed/ 1 bath (income $1000)
808/810 Park Ave, 1178 sf duplex 1 bed/1 bath each side (Income $1250)
812 Park Ave 2035 sf single family 2 bed/1 bath (income $950)

All central HVAC except 1042 Flynn.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033146H M 00700P000
Zoning: R-1
Property Located Between: Park Ave and Flynn Street
Highway Access: 1.2 Miles to 27
Airports: Chattanooga Airport
Area Description: Near UTC campus and MLK neighborhood. New breweries, taproom, restaurants including very active neighborhood association. Beautiful streetscapes and artist murals highlight the eclectic feel of this historic part of Chattanooga.
Total Number of Buildings: 5
Property Condition: Average
Parking Description: Currently street however great parking opportunity in contiguous back lawns
Sprinklers: None

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,253 64,750 137,182
Median Age: 29.25 34.39 36.74
Households: 4,268 26,170 57,106

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