Garden Apartments

Multi-Family for Sale
Catylist Listing ID: 30210235
Property Subtypes: Low-Rise/Garden
Number of Units: 42 Units
Building Size (RSF): 39,875 SF
Gross Building Area: See Agent
Sale Price: $2,890,000
Unit Price: $68,809.52 Per Unit
Property Use Type: Investment
Building Name: Garden Apartments
Sale Terms: Cash to Seller
Last Updated: 12/10/2018

Overview / Comments

42 unit apartment complex located 2.5 miles from downtown Chattanooga, TN. Garden Apartments represents an opportunity to acquire an asset with significant upside through increased occupancy and rental rates. Increasing demand for housing close to downtown, coupled with recent upgrades to the property provide Garden Apartments with strong income potential as downtown continues to expand north into the Red Bank suburb.

Current financing can be assumed.

Attachments & Media

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033118H B 00400P000
Highway Access: Easy access to Dayton Blvd, Hwy 27, & Interstate 24.
Area Description: Emerging sub-market of Chattanooga.
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Renovated: 2017
Roof Type: Flat
Construction/Siding: Brick
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,695 46,273 101,425
Median Age: 37.79 38.35 38.64
Households: 3,969 20,646 43,192

Contact

Photograph of Listing Agent

Josh Fox

Hudson Commercial, LLC Greater Chattanooga REALTORS® Member
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