Great Investment Opportunity!

Multi-Family for Sale
Catylist Listing ID: 30445748
Number of Units: 11 Units
Building Size (RSF): 1,784 SF
Gross Building Area: See Agent
Sale Price: $1,075,000
Unit Price: $97,727.27 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 8/14/2019

Overview / Comments

Great Investment Opportunity! This property currently has a home that can be converted into 2 units, the building behind the home that can be converted to a single unit, Apartment above the garage, a building with 4 units, and 3 buildings with 2 units each. There will be another duplex built on the property at this price. So this is capable of having 16 units. Each unit is 1 bedroom, 1 bath, living room and kitchen that has refrigerator, oven and microwave. These currently rent for $700 per unit per month for a total of $12,000. The sewer infrastructure has been updated to add several additional units.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Tax ID/APN: 0205 097
Total Number of Buildings: 5
Property Condition: Good
Number of Stories: 1
Year Built: 2017
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Legal Description: Ptll 11 9/4 Lts 80 81 82 & 83 Villard Hgts Landlot: 11 Landdist: 9/4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,072 72,741 132,948
Median Age: 38.64 37.42 37.13
Households: 4,062 30,058 54,227


Photograph of Listing Agent

Mark W Hite

Keller Williams Realty Greater Chattanooga REALTORS® Member
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