Multi-Family Near Northshore

Multi-Family for Sale
Catylist Listing ID: 30620649
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,352 SF
Gross Building Area: See Agent
Gross Land Area: 0.24 Acres
Sale Price: $285,000
Unit Price: $71,250 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/30/2020

Overview / Comments

Great location! Only 3 minutes to downtown Chattanooga from this quiet neighborhood in Red Bank. This multi-family unit has four 1 bedroom/1 bath apartments. Two apartments have some updates and two apartments have been remodeled to include new AC/Heat Wall Units, paint, flooring and new appliances. The building is fully leased and rents are $575, $580, $650, and $700. The owner has installed new decking, gravel and brick walkways. Landlord will be updating all electrical panels.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033126C D 02301
Percent Occupied: 100%
Property Located Between: Hedgewood Drive and W. Midvale Avenue
Highway Access: Quick access to Hwy 27 and only a quarter of a mile from Dayton Blvd.
Airports: Chattanooga Airport
Area Description: Great neighborhood with new construction homes and excellent central location to all points Chattanooga.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1950
Year Renovated: 2020
Roof Type: Other
Exterior Description: Well maintained exterior with new decking and gravel/brick walkways.
Parking Description: The parking is gravel with up to eight parking spaces.
Total Parking Spaces: 8
Laundry: Laundromat Nearby
Heat Type: Electricity

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,514 41,983 104,999
Median Age: 34.62 38.74 37.55
Households: 2,620 18,786 43,834


Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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