Riggs Trailer Park

Multi-Family for Sale
Catylist Listing ID: 30624266
Property Subtypes: Mobile Home Park
Number of Units: 26 Units
Building Size (RSF): 1 SF
Gross Building Area: See Agent
Gross Land Area: 3.30 Acres
Sale Price: $1,075,000
Unit Price: $41,346.15 Per Unit
Property Use Type: Investment
Building Name: Riggs Trailer Park
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/18/2020

Overview / Comments

Mobile Home Park near the Chattanooga Airport on Airport Road. Sale is for the Land only. Trailers are owned by the Tenants. Upside potential to increase rents.

Listing information is provided by owner / landlord and public sources and is deemed reliable but not guaranteed. Listing agent has not measured the space / building and does not guarantee the accuracy of the number of square feet or acreage.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $14,950 (Annual)
Tax Value Land $690,000
Tax Value Improvements $87,500
Assessed Value - Total($) $194,375 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 148P-E-001.01
Zoning: R-1
Airports: Chattanooga Airport
Area Description: Near the Chattanooga Airport on Airport Road at Provence Street.
Property Condition: Average
Internet Access: Gigabit
Zoning Description: R-1
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,344 56,844 149,453
Median Age: 34.36 39.54 38.62
Households: 2,161 25,562 62,151

Contact

Photograph of Listing Agent

Russell P Elliott

Pointe Commercial Real Estate Greater Chattanooga REALTORS® Member
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