2 Buildings for One Price

Multi-Family for Sale
Catylist Listing ID: 30794196
Property Subtypes: Duplex/Fourplex, Mixed Use
Number of Units: 3 Units
Building Size (RSF): 6,026 SF
Gross Building Area: See Agent
Gross Land Area: 2.09 - 2.11 Acres
Sale Price: $500,000
Unit Price: $166,666.67 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment, Business
Building Name: S S Trucking
Usable Size (USF): 1,600 SF
Core Factor: 1,600%
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Gross Rent Multiplier: 26,400
Last Updated: 5/17/2022

Overview / Comments

BIG PRICE IMPROVEMENT!
2 Buildings, one price! Duplex plus Commercial Building. 1,600 sq ft +/- Two 2-bedroom and 1 bath apartments & One 1 bed/1 bath apt plus Commercial building approx 4,400 square feet. Also includes a 20 x 30 Metal building with electricity. Partially fenced on 2.11 +/- acres located on SE Dalton Pike closest to Blackburn Road. Gross rental income from the apartments is $2,200 monthly. Zoned Commercial. One apartment is located within the Commercial building with a green roof. The home with the faded or orange-colored roof has been converted to a duplex with approx. 1,600 square feet. The owner pays for all utilities, maintenance, and property expenses. Being sold AS-IS.

includes parcel 057m G 013.00 000 and 057m G 013.00 001

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland
Tax ID/APN: 057M G 013.00 000
Percent Occupied: 100%
Property Located Between: Dalton Pike Se and Blackburn Road
Highway Access: Close to APD 40
Site Description: Approximately 284 feet of road frontage . Located next to the Texaco Station on SE Dalton Pike and closest to Blackburn Road and APD 40 By-Pass.
Area Description: SE Cleveland is convenient to downtown Cleveland and APD By-Pass.
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 1
Year Built: 1900
Year Renovated: 2017
Roof Type: Gable
Construction/Siding: Vinyl Siding, Wood Frame
Exterior Description: Located on 2.11 acres on SE Dalton Pike nearest Blackburn Rd. Next to the Texaco Station. Large asphalt paved parking lot with gravel parking on the side. Some fencing. Former Fantasy Tan Business
Parking Type: Surface
Parking Description: Asphalt and gravel
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Ceiling Units
Air Conditioning: Package Unit
Interior Description: In the duplex, the apartments are 2 bedrooms 1 bath, and rent is $800 a month which includes all utilities and a washer dryer hook up. The other unit is 1 bedroom and 1 bathroom and rents for $600 a month which includes all utilities and no washer / dryer hook up. The commercial building has a 2 bedroom and 1 bath apartment that rents for $800 a month and includes all utilities. The main retail or office space in the commercial building has 1 half bathroom, 6 small rooms, and 2 large open spaces.
Zoning Description: CH
Sewer Type: Municipal
Easements Description: Please see the Deed in the documents. Buyer to verify any and all easements
Land Ownership: Owned
Legal Description: Parcel ID/Tax ID 057M G 013.00 001 ( 057M G 013.00 000 ) Special Int 001 Alternate Parcel ID 057M G 013.00 001 Land Map 057M District/Ward 138 2010 Census Trct/Blk 107/3 Assessor Roll Year 2019

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,116 34,512 56,212
Median Age: 33.3 34.14 36.17
Households: 2,994 13,275 21,659

Contact

Photograph of Listing Agent

Diana Seavey

Crye-Leike REALTORS Greater Chattanooga REALTORS® Member
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