Downtown Apartment Building for Sale
Multi-Family
for Sale
Catylist Listing ID: |
30531987 |
Property Subtypes: |
Mid-Rise, Mixed Use, Student Housing, Other
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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: |
1/17/2021 |
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.
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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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