4 Whirlaway Drive

Multi-Family for Sale
Catylist Listing ID: 30730203
Property Subtypes: Low-Rise/Garden
Number of Units: 6 Units
Building Size (RSF): 4,562 SF
Gross Building Area: See Agent
Sale Price: $589,900
Unit Price: $98,316.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/16/2021

Overview / Comments

Nice well maintained 6 unit apartment building conveniently located near Hwy 153, I-75, Hamilton Place Mall and the Airport. Each unit is 1 bedroom 1 bath with washer/dryer hookups and separately metered. Fully occupied and 4 of the tenants are currently month to month tenants where rents could be increased. Seller has updated most units with HVACs, water heaters, kitchen countertops, appliances, some flooring and toilets. Roof is 10 years old and there is more than adequate parking. Great investment opportunity in a growing city with influx of lots of people moving to the area.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033158A F 00500
Percent Occupied: 100%
Property Located Between: Lee Hwy & Airport Rd. intersection and Nelson Rd.
Highway Access: Minutes to Hwy 153 and I-75.
Airports: Chattanooga Airport is 1.4 miles away
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1978
Construction/Siding: Brick
Parking Type: Surface
Parking Description: More than adequate and level
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Lot Frontage: 185.5
Lot Depth: 91.57
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lt 1 Blk 14 W J Webb’s Resubmit Pb 11 Pg 16

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,343 60,212 151,833
Median Age: 34.36 39.8 38.71
Households: 2,160 27,055 63,015


Photograph of Listing Agent

Joan A Eldredge

Greyhaven Realty Management Co Greater Chattanooga REALTORS® Member
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