501 E 16th St

Sold Multi-Family
Catylist Listing ID: 30046691
Property Subtypes: Mixed Use
Property Type: Multi-Family
Archived As: Sold

Overview / Comments

Ideal Southside mixed use property! This building has 4 office spaces on the first floor, complete with a shared kitchen and bathroom. Each office offers 400 square feet. The second floor contains 3 separate apartments, ranging from 540 to 750 square feet in size. Each apartment features a bedroom, bathroom, kitchen, and a living space. The property was fully renovated in 2015 to include new plumbing, interior, roofing, and all mechanicals. Currently at 100% occupancy, this property nets a gross monthly income of $4,441.50 and a net annual income of $43,925. Located in the popular Southside of Chattanooga just one block from the Main St.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145L J 029
Percent Occupied: 100%
Area Description: Located just one block from Main St in Southside.
Total Number of Buildings: 1
Property Condition: Good
Year Built: 1953
Construction/Siding: Brick
Parking Type: Surface
Legal Description: Lot 1 Sam Erwins Sub Pb 5 Pg 54

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,034 66,593 138,832
Median Age: 26.77 34.42 36.82
Households: 2,037 26,612 57,496


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC GCAR CMLS Member
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