Investor Property Package (13 Rental Homes)

Multi-Family for Sale
Catylist Listing ID: 30286067
Property Subtypes: Government Subsidized, Other
Number of Units: 13 Units
Building Size (RSF): 1,201 SF
Gross Building Area: See Agent
Sale Price: $790,000
Unit Price: $60,769.23 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 7/20/2018

Overview / Comments

Great investment opportunity. This property package consists of 13 single family homes all currently rented. Minutes from downtown Chattanooga shopping, schools, and eateries.

Addresses, rents, and square footage:

1) 5327 Lee Ave $919mo 1066sf $65,000
2) 509 E 52nd st $750mo 792sf $55,000
3) 108 Arlington Ter $742mo 1013sf $50,000
4) 5409 Lee Ave $800mo $60,000
5) 901 Moss $650mo $55,000
6) 2426 13th ave $850mo $70,000
7) 4503 10th ave $650mo $50,000
8) 2906 5th ave $650mo $55,000
9) 3909 12th $650mo $55,000
10) 4503 10th ave $775mo $60,000
11) 12 w 51st st $775mo $60,000
12) 1206 belmead $850mo $60,000
13) 3808 Grace ave $1050 $95,000

Total GMI: $9061 mo
Purchase all 13 homes for $790,000

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 167N A 023
Zoning: R-1
Percent Occupied: 100%
Highway Access: I-24
Airports: Chattanooga
Total Number of Buildings: 13
Number of Stories: 1
Year Built: 1946
Parking Type: Other
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal
Sewer Type: Municipal

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,386 39,849 109,882
Median Age: 34.66 35.27 36.91
Households: 2,642 15,207 44,221

Contact

Photograph of Listing Agent

Michael Kelly

Engel & Volkers Greater Chattanooga REALTORS® Member
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