Rossville Rentals at 13% Cap Rate

Multi-Family for Sale
Catylist Listing ID: 29942630
Property Subtypes: Duplex/Fourplex
Number of Units: 3 Units
Building Size (RSF): 2,820 SF
Gross Building Area: See Agent
Sale Price: $155,000
Unit Price: $51,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 11.8%
Last Updated: 6/25/2017

Overview / Comments

Great Investment Property with 3 parcels, zoned commercial. House is rented for $850/mo. Garage top floor $650/mo, bottom $650/mo. Units were remodeled in 2015. Expenses include taxes, insurance, water, maintenance, and management is $2,500 per year.

There are 3 Parcel ID #'s: 2016 003A, 2016 003, 2016 002.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Property Condition: Good
Number of Stories: 2
Year Built: 1942
Year Renovated: 1974
Parking Type: Surface

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,417 51,221 115,769
Median Age: 37.58 37.14 37.49
Households: 2,577 20,838 46,766

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial GCAR CMLS Member

Source

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