5-Unit Townhome in Hixson

Multi-Family for Sale
Catylist Listing ID: 30645676
Number of Units: 5 Units
Building Size (RSF): 6,160 SF
Gross Building Area: See Agent
Gross Land Area: 0.52 Acres
Sale Price: $695,000
Unit Price: $139,000 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 11/20/2020

Overview / Comments

Amazing opportunity to own a meticulously maintained 5-unit townhome property in one of Chattanooga's strongest rental markets.

Each unit is approximately 1,232 SF with 3BR/1.5BA and a very rare 2 car garage with electronic doors.

Tenants pay all utilities. Owners cover the cost of lawn care and pest control.

Current GMI is $4,320/mo but could easily be bumped up to $5,500 with little to no work needed.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033100O A 02600
Percent Occupied: 100%
Property Located Between: Hixson Pike and Gadd Rd
Highway Access: Hwy-153 is just a couple of miles away
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1974
Parking Type: Surface, Other
Parking Description: Each unit has a 2-car garage as well as street parking
Lot Frontage: 127
Lot Depth: 180
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,017 37,202 96,326
Median Age: 37.52 41.92 40.13
Households: 2,209 16,274 41,374


Photograph of Listing Agent

Virginia F Brockman

KW Commercial Greater Chattanooga REALTORS® Member
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