Brainerd Multi Plex
Multi-Family
for Sale
| Catylist Listing ID: |
30796459 |
| Property Subtypes: |
Mixed Use
|
| Number of Units: |
9 Units |
| Building Size (RSF): |
14,104 SF |
| Gross Land Area: |
0.79 Acres
|
| Sale Price: |
$925,000 |
| Unit Price: |
$102,777.78 Per Unit |
| Property Use Type: |
Investment, Business |
| Sale Terms: |
Cash to Seller, Purchase Money Mortgage |
| Cap Rate: |
Undisclosed |
| Last Updated: |
5/20/2022 |
Overview / Comments
|
This is a unique property in that it has a road front office building on the road front that can be rented for commercial purposes BUT has 8 residential one bedroom and one bathroom rental units in the back. Currently rental units are renting for $750.00 per month and on a month to month lease currently. The office building is currently the home of the owners business and the building can easily be sectioned off into 3 spaces with ample parking.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033157A C 01400P000 |
| Zoning: |
COMMERCIAL |
| Percent Occupied: |
100% |
| Property Located Between: |
Tunnel BLVD and Brainerd Road |
| Highway Access: |
I-24 |
| Airports: |
Chattanooga Metropolitan |
| Total Number of Buildings: |
3 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1970 |
| Parking Type: |
Surface |
| Parking Description: |
Ample parking for offices and apartments in the rear. |
| Zoning Description: |
Commercial |
| Lot Frontage: |
116 |
| Lot Depth: |
361 |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,225 |
79,253 |
158,669 |
| Median Age: |
38.08 |
35.93 |
36.95 |
| Households: |
4,930 |
31,617 |
66,607 |
|
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