Downtown Apartment Building for Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30531987 |
| Property Subtypes: |
Mid-Rise, Mixed Use, Student Housing, Other
|
| Number of Units: |
5 Units |
| Building Size (RSF): |
4,800 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$895,000 |
| Unit Price: |
$179,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
10/1/2020 |
Overview / Comments
This five (5) unit apartment building, with a commercial office on the first floor, 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.
410 High 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.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033135M F 01100 |
| Zoning: |
U-CX-6 |
| Percent Occupied: |
80% |
| Property Located Between: |
Georgia Avenue and 4th Street |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
3 |
| Year Built: |
1920 |
| Roof Type: |
Flat |
| Laundry: |
Shared |
| 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: |
10,174 |
50,006 |
129,045 |
| Median Age: |
32.04 |
33.47 |
37.11 |
| Households: |
3,804 |
20,175 |
53,747 |
|
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