16 Unit Multi Family

Multi-Family for Sale
Catylist Listing ID: 30275065
Property Subtypes: Duplex/Fourplex
Number of Units: 16 Units
Building Size (RSF): 16,704 SF
Sale Price: $1,240,000
Unit Price: $77,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2018

Overview / Comments

Conveniently located on a private road off of Highway 153 in Hixson. This is a high demand rental area. In the heart of shopping, restaurants and offices. These units have an excellent rental history. The current owner has remolded 9 of the 16 units. Each unit has a large living room, eat in kitchen, laundry room, and patio with privacy fence.


Finance Data Year 2017
Real Estate Taxes - Annual($) $13,030 (Annual)
Tax Value Land $72,000
Tax Value Improvements $570,000
Assessed Value - Total($) $256,800 (Annual)
Potential Rental Income $11,600 (Annual)

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 099L E 012.03
Property Located Between: Holcomb Garden Center and Target on Highway 153
Highway Access: Highway 153
Total Number of Buildings: 4
Property Condition: Average
Number of Stories: 2
Year Built: 1973
Roof Type: Gable
Parking Ratio: 2 (per 1000 SF)
Parking Type: Surface
Parking Description: Two parking spaces per apartment.
Total Parking Spaces: 32
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Evaporative Cooler
Internet Access: Cable
Interior Description: Each unit has two large bedrooms one full bath on the second floor. Living room, kitchen, half bath, and laundry on the first floor.
Zoning Description: R-3 High Density Residential.
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 1 and Lot 2 Northgate Hills Sub Pb28 Pg34 8 Of 16 Units

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,889 38,241 90,457
Median Age: 38.23 41.24 40.45
Households: 3,364 16,867 38,612


Photograph of Listing Agent

Debbie Raines

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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