Fully Rented Duplex - Excellent Income Producer

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30172356
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 2 Units
Building Size (RSF): 1,623 SF
Gross Building Area: See Agent
Sale Price: $149,000
Unit Price: $74,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: 18.0%
Last Updated: 12/29/2017

Overview / Comments

Excellent income opportunity with this fully rented duplex. Walkable to UTC and Erlanger, minutes to all dowtown Chattanooga. Updated interiors and bathrooms, fresh interior/exterior paint, new HVAC systems, and more. Seller has secured leases on property of $1125/month. Gross annual rent of $27,000! A investment yielding an $18% cap rate is as good as it gets. Contact listing broker for details.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033136O B 02900P000
Community Amenities: Play Ground
Property Located Between: Central Ave and 3rd Street
Property Condition: Good

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,902 66,114 141,988
Median Age: 31.17 34.58 37.23
Households: 3,497 26,924 59,579

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