Duplex Package Deal

Multi-Family for Sale
Catylist Listing ID: 30289344
Property Subtypes: Duplex/Fourplex
Number of Units: 34 Units
Building Size (RSF): 29,292 SF
Gross Building Area: See Agent
Sale Price: $2,125,000
Unit Price: $62,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2018

Overview / Comments

Investors, welcome to Basswood Ln. This investment package deal features a total of 17 duplexes all located on the same quiet street off of Bonny Oaks Dr. Currently 100% occupied with a GMI of $20,720. Fifteen of the duplexes have 2 bedrooms and 1 bathroom on each side and the remaining two have 2 bedrooms and 1.5 bathrooms on each side. All duplexes have off street parking. Invest in this growing area, which is close to shopping, dining, and many businesses. Rental rates priced under market value, so further your rental income by increasing rent. 6406, 6409, 6412, 6418, 6421, 6435, 6436, 7803, 7815, 7816, 7823, 7828, 7831, 7834, 7839, 7840 Basswood Ln and 7797 Basswood Dr are the properties included in this sale. These duplexes can also be purchased as a part of a larger package deal totaling 118 units for $7,510,000. Call today for more information.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129E D 001, 129E D 007, 129E D 002, 129E D 003, 129E D 006, 129E D 005, 129E D 004, 129L B 034, 129L B 033, 129L B 032, 129E D 008, 129L B 031, 129E D 010, 129L B 030, 129E D 011, 129L B 029, 129E D 012
Percent Occupied: 100%
Total Number of Buildings: 17
Legal Description: Lt 22 Capital Hgts Pb27 Pg43, Lot 16 Capital Hgts Pb 27 Pg 43, Lot 21 Capital Hgts Pb 27 Pg 43, Lot 20 Capital Hgts Pb 27, Lot 17 Capital Hgts Pb 27 Pg 43, Lot 18 Capital Hgts Pb 27 Pg 43, Lot 19 Capital Hgts Pb 27 Pg 43, Lt 1 Capital Hgts Pb27 Pg43 3190 0 9 019&, Lot 2 Capital Hgts Pb 27 Pg 43, 9 Lot 3 Capital Hgts Pb 27 Pg 43, Lot 15 Capital Hgts Pb 27 Pg 43, Lt 4 Capital Hgts Pb27 Pg43, Lot 13 Capital Hgts Pb 27 Pg 43, Lot 5 Capital Hgts Pb 27 Pg 43, Lot 12 Capital Hgts Pb 27 Pg 43, Lot 6 Capital Hgts Pb 27 Pg 43, Lot 11 Capital Hgts Pb 27 Pg 43

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,786 33,329 102,015
Median Age: 37.6 40.61 40.12
Households: 2,845 14,210 42,349

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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