New Construction 6-Unit Apartment Coming Soon!
Multi-Family
for Sale
| Catylist Listing ID: |
30179622 |
| Property Subtypes: |
Low-Rise/Garden, Other
|
| Building Status: |
Under Construction |
| Number of Units: |
6 Units |
| Building Size (RSF): |
4,100 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$625,000 |
| Unit Price: |
$104,166.67 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller, Other |
| Cap Rate: |
Undisclosed |
| Last Updated: |
2/1/2019 |
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. Estimated completion spring 2019. Don't miss this incredible opportunity. Call for your private showing today!
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
146K N 024 |
| Property Condition: |
Excellent |
| Number of Stories: |
2 |
| Year Built: |
2019 |
| Construction/Siding: |
HardiePlank Siding |
| Parking Type: |
Surface |
| Laundry: |
In Each Unit |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Water Service: |
Municipal |
| Legal Description: |
Lt 15 Blk 41 Orchard Knob Pb1 Pg4 1 |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
13,630 |
81,026 |
148,296 |
| Median Age: |
33.88 |
35.63 |
36.88 |
| Households: |
4,898 |
32,680 |
61,896 |
|
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