Calderwood Circle 11 Units

Special Purpose for Sale
Catylist Listing ID: 30403357
Building Size (RSF): 5,635 SF
Gross Land Area: 1.16 Acres
Sale Price: $625,000
Property Use Type: Investment
Usable Size (USF): 5,635 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 8/20/2019

Overview / Comments

Located directly behind Hwy 58 Taco Bell on Calderwood Circle (off Oakwood Drive) are 11 affordable single family living spaces. Gross Rents average $4000.00 per month $48,000 per year. Easy access to Oakwood Drive and Hwy 58 south to Hwy 153 north or south. Part time onsite property manager, space to grow # of living spaces Zoned R-3 and additional commercial space Zoned C-2 within 1.16 acre parcel footprint. Great investment opportunity.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Chattanooga
Tax ID/APN: 129B E 006 & 129B E 002
Zoning: C-2 & R-3
Property Located Between: Property located between Oakwood Drive & Tricia Drive
Property Visibility: Good
Largest Nearby Street: Hwy 58
Traffic/Vehicle Count: 30,000
Highway Access: Calderwood Circle to Oakwood Dr to Hwy 58 to Hwy 153 North and South
Airports: Chattanooga Lovell Field
Site Description: Flat 1.16 acre site with combined zoning R-3 for increase in living spaces and C-2 for a commercial property use. Great accessibility and proximity to major highways, Hwy 58 and Hwy 153.
Area Description: Calderwood Circle living community is conveniently located in the Hwy 58 Corridor, south to Hwy 153 north and south or North to Harrison Bay. Wonderful protected niche within the Hwy 58 Corridor.
Total Number of Buildings: 4
Number of Stories: 1
Property Condition: Good
Year Built: 1980
Year Renovated: 2019
Roof Type: Arched
Construction/Siding: HardiePlank Siding
Exterior Description: block and mobile home units
Parking Type: Surface
Parking Description: gravel
Sprinklers: None
Heat Type: Electricity, Natural Gas, Other
Air Conditioning: Engineered System, Window Unit
Internet Access: Gigabit
Zoning Description: C-2 & R-3
Lot Depth: 144
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,769 27,463 115,895
Median Age: 40.01 40.55 39.88
Households: 3,816 12,041 48,021

Contact

Photograph of Listing Agent

Tad Bromfield

Sentinel Commercial Properties Greater Chattanooga REALTORS® Member
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