Multi-family duplex package

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30735208
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 16 Units
Building Size (RSF): 2,000 SF
Gross Building Area: See Agent
Sale Price: $1,900,000
Unit Price: $118,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Other
Cap Rate: Undisclosed
Last Updated: 6/21/2021

Overview / Comments

Calling all investors!!! These 8 duplexes are ready for you to add 16 units to your portfolio. Seller WILL NOT SEPARATE. THIS SALE INCLUDES THE FOLLOWING ADDRESSES ON BOWMAN LANE CHATTANOOGA, TN 37416:3909, 3911, 3910, 3912, 3913, 3915, 3914, 3916, 3918, 3920, 3922, 3924, 3921, 3923, 3925, 3927
Most rents are currently under market value.
No showings until after offer accepted, then only by appointment. Do not disturb tenants. The buyer is responsible to do their due diligence to verify that all information is correct, accurate, and for obtaining any and all restrictions for the property.
3909 & 3911 Bowman Lane
3909: 3 bedroom/2.5 bath 1 car garage (current renter is month to month and has been there since 11/1989and pays $525 per month. Rent has never increased to sellers knowledge)
3911: 2 bed/ 1.5 bath (current renter is to month to month and has been there since 5/2008 and pays $560 per month. Rent has never increased to sellers knowledge)

3910 & 3912 Bowman Lane
3910: 3 bedroom/1.5 bath 1 car garage (current renter is month to month and has been there since 4/2014 and pays $785 per month. Rent has never increased to sellers knowledge)
3912: 3 bed/ 1.5 bath (current renter is a lease and has been there since 2/2021 and pays $975 per month)

3913 & 3915 Bowman Lane (Fenced yard)
3913: 4 bedroom/2.5 bath 1 car garage 2000 sq ft each side, current renter is month to month and pays $1350 per month.
3915:4 bedroom/2.5 bath 1 car garage 2000 sq ft each side, current renter is month to month and pays $1350 per month. (New free standing range installed March 2021)

3914 & 3916 Bowman Lane (in 2015 new roof, new central heat & air, new appliances & new flooring)
3914: 2 bedroom/1.5 bath current renter is month to month and pays $825 per month.
3916: 2 bed/ 1.5 bath current renter is month to month and pays $850 per month

3918 & 3920 Bowman Lane
3918: 2 bedroom/1.5 bath current renter is month to month and pays $675 per month.
3920: 2 bed/ 1.5 bath and pays $850 per month.
(2019 New kitchen, floors & painted)

3922 & 3924 Bowman Lane
3922: 2 bedroom/1.5 bath currently vacant and undergoing remodeling inside & repairing soffits outside (Owner has ad running and will have rented soon for $850)
3924: 2 bed/ 1.5 bath current renter is a lease and has been there since 11/2020 and pays $850 per month.

3921 & 3923 Bowman Lane
3921: 3 bedroom/1.5 bath 1 car garage (current renter is month to month and pays $775 per month.
3923: 3 bed/ 1.5 bath 1 car garage (current renter is month to month and pays $775 per month)

3925 & 3927 Bowman Lane3925: 2 bedroom/1.5 bath 1 car garage (current renter is month to month and pays $675 per month.3927: 3 bed/ 2.5 bath 1 car garage (current renter is month to month and pays $1016 per month)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Percent Occupied: 100%
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Zoning Description: R-2

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,269 30,371 115,409
Median Age: 40.27 40.74 40.04
Households: 3,233 13,195 47,782

Contact

Photograph of Listing Agent

Leatha Eaves

Coldwell Banker Pryor Realty Greater Chattanooga REALTORS® Member
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