Catylist ID: #30344170
Income Producing Investment Property
Multi-Family for Sale
|Catylist Listing ID:||30344170|
|Number of Units:||16 Units|
|Building Size (RSF):||6,320 SF|
|Gross Land Area:||2.02 Acres|
|Unit Price:||$57,187.50 Per Unit|
|Property Use Type:||Investment|
|Sale Terms:||Cash to Seller|
|Average Occupancy Rate:||95|
Overview / Comments
This property sits on 2.02 acres directly off of Highway 41. There are two buildings which have 16 units combined. ALL sixteen units are rented. Depending on the unit options, rent varies between $140 to $175 weekly.
Nine efficiency units have one room with bath, frig and microwave. Three efficiency units have a hookup for a stove if desired by tenant. Four units have a full kitchen with large bedroom and bath.
These apartments have been managed by the same owner for 23 years and have been well maintained.
This investment property is located in an area with lots of new growth such as shopping centers, a new Food Lion, and fast food restuarants.
|Property Located Between:||Orchid Lane and Service Lane|
|Highway Access:||This property is directly off of Hwy 41. Interstate 75 is approximately 4 miles northwest.|
|Site Description:||This property has plenty of green space for the tenants. The entrance and exit roads are paved and well maintained.|
|Area Description:||Directly across the street a new grocery store is being completed and to the right of the property is a convenience store. There are many restaurants and shopping centers in the area.|
|Total Number of Buildings:||2|
|Number of Stories:||1|
|Total Parking Spaces:||50|
|Heat Type:||Space Heaters|
|Air Conditioning:||Window Unit|
|Proximity:||1 mile||3 miles||5 miles|
Joe M PlevaKW Commercial Greater Chattanooga REALTORS® Member
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