Rental Cabins & Land for Expansion

Multi-Family for Sale
Catylist Listing ID: 30277067
Number of Units: 2 Units
Building Size (RSF): 2,850 SF
Gross Land Area: 48 SF
Sale Price: $180,000
Unit Price: $90,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/19/2018

Overview / Comments

Artistic mountainside Rental Property on the side of Sand Mountain. Peaceful and serene location with rock formations, woods & wildlife. Two unique rental cabins, currently rented on month to month basis, generating $2,000 per month rental income. Could be converted to airbnb and generate more than the current monthly rental. The cabins have a covered front porch for out door grilling on one, and a large multi-level deck for the other. Both have combined kitchen/family/dining areas, full bath w/jetted tub or shower, bedroom on main level and sleeping loft. Also site has underground power with service connections available for two additional cabins.

Additional Details

Nearest MSA: Chattanooga
County: Dade
Taxing Authority: Dade County
Tax ID/APN: 016 00 188 00
Zoning: NO ZONING IN COUNTY.
Percent Occupied: 100%
Property Located Between: Hwy 136 and top of Sand Mountain on East side of White Oak Gap Road.
Highway Access: Curb cut along east side of White Oak Gap Road.
Site Description: Mountain side wooded with one graveled road into site. Road has been extended on to include additional sites for development.
Area Description: Conveniently located on the side of Sand Mountain. 5 minutes from Trenton and 25 minutes from Chattanooga, TN.
Total Number of Buildings: 2
Property Condition: Good

Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 5,958 11,295
Median Age: 38.25 40.13
Households: 2,304 4,418

Contact

Photograph of Listing Agent

Edward L Holmes

Re/Max Real Estate Center Greater Chattanooga REALTORS® Member
© Copyright 2001-2018 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.