Multi Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30759064
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,772 SF
Gross Building Area: See Agent
Sale Price: $1,250,000
Unit Price: $312,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 9/7/2021

Overview / Comments

Amazing Opportunity to own a Quadraplex that has un-obstructed views of the Tennessee River. Located only steps to UTC, the Hunter Museum, Bluff View Art District and the River Walk just outside your door....Yes this property is located in the heart of the city-yet tucked away from the hustle and bustle. This 1920's home has undergone a complete interior renovation (1992) to restore it to its previous glory-yet remain true to original features and Charm . Updated Kitchen and Bath plus refinished original hardwoods, moldings and mantle are paired with fresh drywall and paint. This property has a new roof and has been updated and well maintained in period character by long term owner who is now ready to part with this home. Unit 303 A is 2BR/1BA, $1500 per month(could generate at least $2,000- current tenant is month to month), Unit 203 B is 2BR/1BA, $1100 per month,(could generate at least $2,000- current tenant is a long term renter), Unit 201 C 1BR/1BA $1000 per month, Unit 103 D 1BR/1BA $1000 per month. Monthly Income potential $6,000. Make your appointment for your private showing today.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135m M 011
Percent Occupied: 90%
Site Description: Located only steps to UTC, the Hunter Museum, Bluff View Art District and the River Walk just outside your door....Yes this property is located in the heart of the city-yet tucked away from the hustle and bustle.
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Year Renovated: 1992
Construction/Siding: Brick
Parking Type: Surface
Heat Type: Electricity
Heat Source: Central
Water Service: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,014 53,380 133,253
Median Age: 29.18 33.71 37.23
Households: 2,944 21,530 55,907

Contact

Photograph of Listing Agent

Mark W Hite

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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