Multi-Family Property in Catoosa County, GA

Multi-Family for Sale
Catylist Listing ID: 30500128
Number of Units: 3 Units
Building Size (RSF): 6,584 SF
Gross Land Area: 0.77 Acres
Sale Price: $950,000
Unit Price: $316,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/26/2020

Overview / Comments

Investment opportunity. Two apartment buildings along Alice Lane (constructed in 2000), each with five units for a total of 10 apartments, plus one single-family home fronting Mountain View Dr (constructed in 1959). Each apartment unit has kitchen, living, 1.5 baths, stove, dishwasher, refrigerator, central heat and air, carpet and tile floor coverings. Single-family home has 1,464 sq ft, with 3 BR, 1 BA, pine floors, central heat and air. All units are currently rented for an monthly income of $7975. Tax card address is 60 Mountain View Dr (all three buildings included on same tax card).

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Taxing Authority: Catoosa County
Tax ID/APN: 0038B022
Highway Access: Minutes away from I-75
Airports: 10 mins from Chattanooga Metropolitan Airport
Area Description: Just outside of city center in Ringgold, GA. Easy access to I-75. Minutes away from shopping and work in Chattanooga.
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 2
Year Built: 1959
Construction/Siding: Vinyl Siding
Exterior Description: Apartment buildings have vinyl siding. Single-family home has masonry & wood exterior. Shingled roof on all three buildings.
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Other
Internet Access: DSL
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 138-141 PTTLS 142-144 Campbells Lake Landlot: 153 Landdist:28/

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,575 20,232 43,519
Median Age: 35.17 37.04 39.14
Households: 681 7,553 16,402


Photograph of Listing Agent

Pamela D Maples

RE/MAX Real Estate Center Greater Chattanooga REALTORS® Member
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