Roberta Drive Apartments

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30337416
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 18 Units
Building Size (RSF): 16,380 SF
Gross Land Area: 45,012 SF
Sale Price: $875,000
Unit Price: $48,611.11 Per Unit
Property Use Type: Business
Building Name: Roberta Drive Apartments
Usable Size (USF): 16,380 SF
Sale Terms: Cash to Seller
Cap Rate: 13.26%
Average Occupancy Rate: 100
Gross Rent Multiplier: 6.57
Last Updated: 5/15/2019

Overview / Comments

Roberta Drive Apartments are composed of three buildings and 6 Units per building, Townhouse style. 2 Bedrooms and 1 bath per apartment.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Walker County
Tax ID/APN: O117 239
Zoning: R-3
Percent Occupied: 100%
Property Located Between: James Street and Wilson Rd near Rossville, GA
Highway Access: easy access to Hwy 27 north and south or Hwy 2, Ft. Oglethorpe GA
Airports: Chattanooga Lovell Field
Site Description: Three 6-Unit Buildings Townhouse Style, #702, #704 & #706 Roberta Drive, Rossville, GA.
Area Description: Rossville, GA is centered around Hwy 27, Rossville Blvd going north to Chattanooga with traffic counts topping 30,000 vehicles per day and Highway 27 South to the city of Fort Oglethorpe, Ga.
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 2
Year Built: 1985
Year Renovated: 2005
Roof Type: Arched
Construction/Siding: HardiePlank Siding
Exterior Description: 2-Story Townhouse Style Apartments newly painted and well maintained.
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface
Total Parking Spaces: 31
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Gigabit
Interior Description: 2 bedroom 1 bath townhouse style apartment. Bedrooms and bath upstairs and kitchen and laundry downstairs. Electric heat and cooled.
Zoning Description: R-3
Lot Frontage: 363'
Lot Depth: 124'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,837 40,196 99,841
Median Age: 37.2 38.35 37.64
Households: 2,244 16,149 40,697


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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