811-813 Chickamauga Ave Apartments

Multi-Family for Sale
Catylist Listing ID: 30337883
Property Subtypes: Duplex/Fourplex
Number of Units: 15 Units
Building Size (RSF): 56,320 SF
Gross Land Area: 0.72 Acres
Sale Price: $720,000
Unit Price: $48,000 Per Unit
Property Use Type: Business
Building Name: 811-813 Chickamauga Ave.
Usable Size (USF): 56,320 SF
Sale Terms: Cash to Seller
Cap Rate: 12.32%
Average Occupancy Rate: 100
Gross Rent Multiplier: 6.90
Last Updated: 2/15/2019

Overview / Comments

811-813 Chickamauga Ave is 3 x Quadplexes, 2 Bedroom 1 Bath, 2 on ground floor and 2 on top floor. 813 Chickamauga Ave, Triplex, 3 bedroom and 3 bath penthouse. Fireplace, and 4 Car Garage.

811 - 813 Chickamauga Ave MUST be combined with 809 Chickamauga Ave. Total Cost $1,080,000.00 which includes 809 Chickamauga Ave at $360,000.00).

Additional Details

Nearest MSA: Chattanooga
County: Walker
Taxing Authority: Rossville
Tax ID/APN: 2010 035A
Zoning: C-2
Percent Occupied: 100%
Property Located Between: Chickamauga Ave
Highway Access: Highway 27 North and South
Airports: Chattanooga Lovell Field
Site Description: 811-813 Chickamauga is 1 Triplex with 4 Car Garage and 3 Quadplexes, 2 bedroom and 1 bath, 2 on bottom and 2 on top. And 813 Chick. Ave is a triplex with 4 car garage (3 bedrooms and 3 bathrooms).
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: 4
Property Condition: Excellent
Number of Stories: 2
Year Built: 1987
Year Renovated: 2005
Roof Type: Arched
Construction/Siding: HardiePlank Siding
Exterior Description: Masonite wood like appearance with ground floor awnings. Excellent condition with bi-weekly grounds maintenance and routine maintenance as needed.
Parking Ratio: 1 (per 1000 SF)
Parking Type: Surface
Parking Description: Surface next to unit
Total Parking Spaces: 18
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 in each, triplex 3 bedroom and 3 bath.
Zoning Description: C-2
Lot Frontage: 116
Lot Depth: 100
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,162 59,791 131,190
Median Age: 39.77 37.07 37.44
Households: 3,364 24,665 53,744


Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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