2 DUPLEXES NEWLY CONSTRUCTED

Multi-Family for Sale
Catylist Listing ID: 30363538
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,600 SF
Gross Building Area: See Agent
Gross Land Area: 2.85 - 2.87 Acres
Sale Price: $279,000
Unit Price: $69,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 7.42%
Gross Rent Multiplier: 9
Last Updated: 2/5/2019

Overview / Comments

Calling All Investors!! 2 Newly constructed duplexes both featuring 2 units each with 2 bedrooms, 1 full bath, living room, eat in kitchen with 900 sq ft of living space per unit. These 4 units are all 1 level and they include laundry hook-up, dishwasher, microwave, range, refrigerator and average rent for $650 a month each ($2600 total GPR). Very low maintenance expense! The storage building on site is a bonus for the owner to use as they see fit!

Pro-Forma available upon request, 8.97 Price to rent ratio, 7.42% Cap Rate. Closing to be held at Choice Title - Ringgold

Financials

Finance Data Year 2019
Real Estate Taxes - Annual($) $2,358 (Annual)
Tax Value Land $8,085
Tax Value Improvements $222,890
Assessed Value - Total($) $222,890 (Annual)
Potential Rental Income $2,600 (Annual)
Net Operating Income $20,780 (Annual)
Actual or Proforma Year Proforma

Additional Details

Nearest MSA: Chattanooga
County: Walker
Tax ID/APN: 0472 002
Percent Occupied: 100%
Community Amenities: Community Building
Total Number of Buildings: 2
Property Condition: Excellent
Year Built: 2017
Construction/Siding: Vinyl Siding
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal
Legal Description: PTLL 66 7/4 LANDLOT: 66 LANDDIST: 7/4

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,686 8,927 14,502
Median Age: 36.32 38.96 39.54
Households: 1,098 3,522 5,652

Contact

Photograph of Listing Agent

Debbie L King

DK Real Estate LLC Greater Chattanooga REALTORS® Member
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