16 Unit Multi Family
Expired Multi-Family
for Sale
| Catylist Listing ID: |
30206301 |
| Property Subtypes: |
Duplex/Fourplex
|
| Number of Units: |
16 Units |
| Building Size (RSF): |
16,704 SF |
| Sale Price: |
$1,290,000 |
| Unit Price: |
$80,625 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
4/14/2018 |
Overview / Comments
|
Conveniently located on a private road off of Highway 153 in Hixson. This is a high demand rental area. In the heart of shopping, restaurants and offices. These units have an excellent rental history. The current owner has remolded 9 of the 16 units. Each unit has a large living room, eat in kitchen, laundry room, and patio with privacy fence.
|
Financials
| Finance Data Year |
2017 |
| Real Estate Taxes - Annual($) |
$13,030 (Annual) |
| Tax Value Land |
$72,000 |
| Tax Value Improvements |
$570,000 |
| Assessed Value - Total($) |
$256,800 (Annual) |
| Potential Rental Income |
$11,600 (Annual) |
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Taxing Authority: |
Hamilton County |
| Tax ID/APN: |
099L E 012.03 |
| Property Located Between: |
Holcomb Garden Center and Target on Highway 153 |
| Highway Access: |
Highway 153 |
| Total Number of Buildings: |
4 |
| Property Condition: |
Good |
| Number of Stories: |
2 |
| Year Built: |
1973 |
| Roof Type: |
Gable |
| Parking Ratio: |
2 (per 1000 SF) |
| Parking Type: |
Surface |
| Parking Description: |
Two parking spaces per apartment. |
| Total Parking Spaces: |
32 |
| Laundry: |
In Each Unit |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Fuel: |
Electric |
| Air Conditioning: |
Evaporative Cooler |
| Internet Access: |
Cable |
| Interior Description: |
Each unit has two large bedrooms one full bath on the second floor. Living room, kitchen, half bath, and laundry on the first floor. |
| Zoning Description: |
R-3 High Density Residential. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
Lot 1 and Lot 2 Northgate Hills Sub Pb28 Pg34 8 Of 16 Units |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
7,889 |
38,241 |
90,457 |
| Median Age: |
38.23 |
41.24 |
40.45 |
| Households: |
3,364 |
16,867 |
38,612 |
|
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