Opportunity Zone Investment Package

Multi-Family for Sale
Catylist Listing ID: 30366092
Property Subtypes: Duplex/Fourplex, Student Housing
Number of Units: 26 Units
Building Size (RSF): 21,929 SF
Gross Building Area: See Agent
Sale Price: $1,650,000
Unit Price: $63,461.54 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/22/2019

Overview / Comments

OPPORTUNITY ZONE PACKAGE in LINCOLN PARK
Rare opportunity to own the only
16 DOOR APARTMENT complex in Lincoln Park with large parking lot or room for expansion,
PLUS EIGHT 2/1 brick homes,
PLUS 1 duplex
PLUS 5 level building lots.

Lincoln Park is located next to Erlanger hospital complex, UTC, and Downtown Chattanooga. Recently designated as an Opportunity Zone offering investors tax incentives for investment in the area.

16 unit apartment complex in need of improvement. Large parking lot located behind unit offers parking and room for expansion.
Eleven 2 bedrooms and 5 1 bedroom

Additional land package available with 5 level building lots for a total of 10 building lots.

Opportunity Zones are designed to spur economic development by providing tax benefits to investors. http://www.sedev.org/opportunity-zones/

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 146B B 017
Property Located Between: Garfield Street and Maude Street
Highway Access: US-27 Amnicola Highway
Airports: Chattanooga Metropolitan Airport
Site Description: Lincoln Park is located near Erlanger hospital and The University of Tennessee Chattanooga. Rapidly changing area with erlanger expansion of new Children's Hospital and planned Cancer Center. UTC expansion over Central Ave with new intramural fields and field house.
Total Number of Buildings: 13
Property Condition: Fair
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,486 67,750 140,326
Median Age: 29.97 34.56 37.07
Households: 2,920 27,502 58,790

Contact

Photograph of Listing Agent

Lisa A Brown

Keller Williams Realty Greater Chattanooga REALTORS® Member
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