New Construction 6-Unit Apartment Coming Soon!
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: |
30179622 |
| 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: |
9/19/2018 |
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!
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Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
146K N 024 |
| 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 |
| Legal Description: |
Lt 15 Blk 41 Orchard Knob Pb1 Pg4 1 |
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