Quadplex in E Brainerd For Sale

Multi-Family for Sale
Catylist Listing ID: 30643423
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 3,942 SF
Gross Building Area: See Agent
Gross Land Area: 0.68 Acres
Sale Price: $495,000
Unit Price: $123,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 10/12/2020

Overview / Comments

Also available is neighboring 1316 & 1320 Stratton Place Dr.
https://commercial.gcar.net/listing/30639819

Very rare opportunity to own a meticulously maintained all brick quad-plex in the heart of East Brainerd.

Each unit is a 2BR/2BA with living room, dining room, laundry room, garage and deck. Very large and flat public wooded/grassy area behind the property with charcoal grills and picnic tables.

Property has a brand new roof and recent A/C service/cleaning.

Currently generating $3,370/mo.

Please see attached spreadsheet for most recent P&L.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033158L J 02100
Percent Occupied: 100%
Property Located Between: Gunbarrel Rd and Jenkins Rd
Site Description: Level property in the 100 year flood plane
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1985
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
In Flood Plain?: Yes

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 6,842 44,391 121,765
Median Age: 41.16 39.98 39.88
Households: 3,170 18,834 50,392

Contact

Photograph of Listing Agent

Virginia F Brockman

KW Commercial Greater Chattanooga REALTORS® Member
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