Multi-Family for Sale
Catylist Listing ID: 29559021
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 2,240 SF
Gross Building Area: See Agent
Sale Price: $249,000
Unit Price: $62,250 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller, Owner Financing, Sale/Leaseback, Other
Cap Rate: Undisclosed
Last Updated: 4/17/2019

Overview / Comments

Multi Unit apartment within 5 mile radius of college, siting atop a historic ridge with scenic views of Lookout Mtn and surrounding areas. This 4 plex has been completely redone with new electrical, ( new wiring ) electrical systems, all new sheet rock , new windows, new synthetic hardwood flooring and some original oak are some of the characteristics that make this an easy place to rent. There is a tri-level 1 bedroom unit with great character, a main house 2 bed 1 bath with laundry closet, eat in kitchen and front and back porch ( central - air ). Easily this could produce $1900-$2200 a month. Live here rent out to pay a mortgage or simply as a great investment due to quality of the work put in.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033168J T 00900P000
Community Amenities: Business Center, Jogging Paths
Market Type: Large
Property Located Between: Rossville and Chattanooga
Side of Street: South
Road Type: Paved
Transportation: Bus, Shuttle, Rail, Highway, Airport, Taxi, Other
Highway Access: 1.6 miles
Airports: Chattanooga international 10 miles
Site Description: Great lot, with grass and views.
Area Description: Chattanooga has great rental opportunity.
Property Condition: Excellent
Number of Stories: 2
Year Built: 1948
Year Renovated: 2014
Roof Type: Arched
Construction/Siding: HardiePlank Siding
Exterior Description: New windows , new siding , new metal roof. New paint . new guttering, and much more that makes the maintenance on this property extremely minimal.
Parking Type: Surface
Parking Description: Parking lot , side road parking and off street parking.
Total Parking Spaces: 8
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit, Window Unit
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 11,955 73,206 142,181
Median Age: 34.39 36.33 37.22
Households: 4,706 29,835 58,266


Photograph of Listing Agent

Jonathan Campbell

Keller Williams Realty Greater Chattanooga REALTORS® Member
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