New Construction 6-Unit Apartment Coming Soon!

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30179631
Property Subtypes: Low-Rise/Garden, Other
Status: Pending/Contingent
Building Status: Under Construction
Number of Units: 6 Units
Building Size (RSF): 4,100 SF
Gross Building Area: See Agent
Sale Price: $550,000
Unit Price: $91,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 11/12/2018

Overview / Comments

Incredible downtown new construction investment opportunity! This 6 unit apartment building is situated in a great rental area off of McCallie Ave, close to Parkridge, and just minutes from UTC, Erlanger, and other downtown businesses. The building features four 1 bedroom units, and two 2 bedroom units, each complete with a kitchen, living space, washer/dryer hookups, full bath, and durable flooring. The 1 bedroom units are approximately 504 square feet, while the 2 bedroom units are approximately 792 square feet. With all units occupied, the potential GMI is $6,500. The building will have off street parking behind the building for tenants, and covered walkways to the units. Estimated completion July 2018. Don't miss this incredible opportunity. Call for your private showing today!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 146K N 023
Zoning: COMMERCIAL
Property Condition: Excellent
Number of Stories: 2
Year Built: 2017
Construction/Siding: HardiePlank Siding
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 14 Blk 41 Orchard Knob Pb1 Pg4 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 13,630 81,026 149,727
Median Age: 33.88 35.63 36.92
Households: 4,898 32,680 62,479

Contact

Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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