Excellent Investment Properties

Multi-Family for Sale
Catylist Listing ID: 30275943
Property Subtypes: Duplex/Fourplex
Number of Units: 9 Units
Building Size (RSF): 10,936 SF
Gross Building Area: See Agent
Sale Price: $360,000
Unit Price: $40,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 11/26/2018

Overview / Comments

These properties are an excellent choice for investment purposes. Building 169 Cedar Glen Lane is a 1,650 square ft duplex. Building 177 Cedar Glen Lane is a triplex which has 2,894 square ft. 207 Cedar Glen Lane is a 3,740 square ft quadruplex. Each building was built in 1978. Renovations have been made to the units to include new paint, floors and counter tops. Current rents range from $500 to $550 per month. Currently, six of the nine units are rented. The owner is expecting to have the remaining three units rented by the end of the year.

Additional Details

Nearest MSA: Dayton
County: Rhea
Property Located Between: Armstrong Ferry Road and Gossett Lane
Highway Access: Hwy 27 is about two miles from the apartments.
Total Number of Buildings: 3
Property Condition: Average
Number of Stories: 2
Year Built: 1978
Laundry: In Each Unit
Air Conditioning: Package Unit

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 10,623 16,445
Median Age: 34.52 35.98
Households: 3,931 6,151


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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