Expired Multi-Family for Sale
Catylist Listing ID: 30022612
Property Subtypes: Mixed Use, Mobile Home Park
Number of Units: 8 Units
Building Size (RSF): 6,396 SF
Gross Building Area: 270,072 SF
Gross Land Area: 6.20 Acres
Sale Price: $425,000
Unit Price: $53,125 Per Unit
Property Use Type: Investment
Building Name: n/a
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Expired On: 6/9/2017
Last Updated: 6/9/2017

Overview / Comments

ATTENTION all seasoned investors and new investors! Don't miss this money maker! This 3bd/2bth 2 car attached garage with additional detached garage and workshops, on a beautiful sloping hill is private and quiet last rented for $1200 month. PLUS... there's also 7 mobile homes each renting for $600 per month, and an empty lot w/power & water rents for $225 mth, total potential income on this property is $5625.00 per month! Property is a must see!

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County
Tax ID/APN: 00250-089
Zoning: R-4
Community Amenities: On-Site Maintenance
Property Located Between: Poplar Springs Road
Highway Access: Alabama Hwy
Airports: Chattanooga - Lovell Field
Site Description: sloping, partially cleared
Area Description: residential
Total Number of Buildings: 8
Property Condition: Good
Number of Stories: 1
Year Built: 1985
Year Renovated: 2010
Roof Type: Arched
Construction/Siding: Brick/Aluminum Siding
Exterior Description: main house is brick. mobile homes are aluminum or vinyl
Parking Type: Surface
Parking Description: main house has a 2 car garage, attached. mobile homes have off-street parking (at least 2 per unit)
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Window Unit
Internet Access: Cable, DSL, Satellite
Interior Description: main house has 2200 sq feet of heated space. Vacant now. Rents for $1200/month. There's one vacant lot that can be built on or rent to mobile home for $225/month. & mobile homes that rent for $600/month each.
Zoning Description: R-4
Lot Frontage: 280 feet
Lot Depth: 1000
Water Service: Municipal
Sewer Type: Septic
Easements: Utilities
Legal Description: PT LL 220 221 28/3

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 17,724 45,229
Median Age: 37.39 38.46
Households: 6,453 17,383


Photograph of Listing Agent

Debbie L King

DK Real Estate LLC GCAR CMLS Member
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