Catylist ID:
#30720832
Downtown Apartment Building for Sale
Multi-Family
for Sale
Sale Pending/Contingent
| Catylist Listing ID: | 30720832 |
| Property Subtypes: | Mid-Rise, Mixed Use, Student Housing, Other |
| Status: | Pending/Contingent |
| Number of Units: | 25 Units |
| Building Size (RSF): | 18,600 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $2,300,000 |
| Unit Price: | $92,000 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller |
| Average Occupancy Rate: | 92 |
| Last Updated: | 4/1/2021 |
Overview / Comments
|
This twenty-five (25) unit apartment building is centrally located in downtown Chattanooga and within walking distance of UTC and many other downtown attractions. The building maintains a high occupancy rate year-round and units are remodeled as they turnover. 307 East 8th Street is an amazing investment opportunity to own a quality apartment building located within a Qualified Opportunity Zone in the Chattanooga downtown area. The apartment building is part of a larger portfolio that can be purchased individually or collectively. Contact agent to schedule an appointment. Due Diligence package available upon request and execution of an NDA. |
Attachments & Media
Additional Details
| Nearest MSA: | Chattanooga |
| County: | Hamilton |
| Tax ID/APN: | 033145D M 01400 |
| Zoning: | U-CX-6 |
| Percent Occupied: | 92% |
| Property Located Between: | McCallie Avenue and MLK. |
| Total Number of Buildings: | 1 |
| Property Condition: | Average |
| Number of Stories: | 4 |
| Year Built: | 1920 |
| Roof Type: | Flat |
| Laundry: | Shared |
| Sprinklers: | None |
| Zoning Description: | The Commercial Mixed Use (U-CX) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses. U-CX-6 allows for a maximum of 6 stories. |
| Water Service: | Municipal |
| Sewer Type: | Municipal |
| Land Ownership: | Owned |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 11,060 | 49,743 | 126,988 |
| Median Age: | 32.05 | 33.18 | 36.59 |
| Households: | 4,213 | 19,887 | 52,727 |
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