Multi-Family Bundle

Multi-Family for Sale
Catylist Listing ID: 30350184
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 16 Units
Building Size (RSF): 16,808 SF
Gross Land Area: 56,233 SF
Sale Price: $555,000
Unit Price: $34,687.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 2/18/2019

Overview / Comments

Total of 16 units, one vacant lot and 2 storage sheds. The rent income on these is $7,200 monthly. 100% occupied. Month-to-month rentals. The properties have been maintained and acquired by one landlord. You can pull up to the maintenance sheds and work on the houses in the same block. Perfect situation for landlord maintenance. In an area of town that is increasing in value.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County & Chattanooga
Tax ID/APN: 156B H 006
Zoning: R-2
Percent Occupied: 100%
Property Located Between: E Main St & Highway 64 | S Orchard Knob Ave & S Kelly St
Highway Access: Highway 64
Total Number of Buildings: 8
Property Condition: Average
Number of Stories: 1
Year Built: 1920
Roof Type: Other
Construction/Siding: Other
Parking Type: Surface
Parking Description: Parking on site for most units.
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Internet Access: Cable, DSL, Satellite, Gigabit, Dialup
Zoning Description: R-2
Lot Frontage: 434.55
Lot Depth: 1005
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Rogers Maurice H Jr Georgia
Legal Description: 1507 S Willow - Pt Lts 1&2 Blk 1 Oak Grove Addn Pb3 Pg1 0105 27 05 1508 S Willow - Pt Lt C Blk 1 Anderson & Eckford Ad Dn Pb3 Pg34 1511 S Willow - Lt 16 Pt 17 Blk 1 Oak Grove Addn Pb 3 Pg1 1512 S Willow - Pt Lt C Blk 1 Anderson & Eckford Ad Dn Pb 3 Pg 34 1513 S Willow - Lt 18 Pt 17 Blk 1 Oak Grove Addn Pb 3 Pg 1 1514 S Willow - Lt D Blk 1 Anderson & Eckford Addn Pb 3 Pg 34 0105 28 05 1506 Mulberry St - Lt 36 Blk 1 Oak Grove Addn Pb 3 Pg 1 1508 Mulberry St - Lt 38 Blk 1 Oak Grove Addn Pb 3 Pg 1

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,664 79,639 148,868
Median Age: 30.64 35.76 36.89
Households: 3,153 32,146 61,677

Contact

Photograph of Listing Agent

Brian R Kelly

Liberty Commercial Real Estate Greater Chattanooga REALTORS® Member
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