Multi-Family For Sale

Multi-Family for Sale
Catylist Listing ID: 30519911
Property Subtypes: Duplex/Fourplex
Number of Units: 5 Units
Building Size (RSF): 5,808 SF
Gross Building Area: See Agent
Gross Land Area: 1.10 Acres
Sale Price: $1,750,000
Unit Price: $350,000 Per Unit
In Opportunity Zone? Yes
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 10/23/2019

Overview / Comments

Amazing Opportunity to own over an acre with DIRECT ACCESS to the Tennessee River with un-obstructed views from both the main house and the adjacent, fully occupied Quadraplex. 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 to restore it to its previous glory-yet remain true to original features and Charm. Updated Kitchen and Bath plus refinished hardwoods, moldings and mantle are paired with fresh drywall and paint. The huge bonus is the adjacent 1920's Quad-plex with an attached and detached garage. Maintain as long term rental or convert to short term

rental and maximize the cash flow opportunity. 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 both properties. Unit A is 2BR/1BA, $1500 per month, Unit B is 2BR/1BA, $1100 per month, Unit C 1BR/1BA $1000 per month, Unit D 1BR/1BA $850 per month, House 2BR/1BA $2500 per month.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033135M M 01100
Area 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. T
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Parking Type: Surface
Parking Description: Plenty of off street parking
Heat Type: Electricity
Heat Source: Central
Interior Description: This 1920's home has undergone a complete interior renovation to restore it to its previous glory-yet remain true to original features and Charm. Updated Kitchen and Bath plus refinished hardwoods, moldings and mantle are paired with fresh drywall and paint. The huge bonus is the adjacent 1920's Quad-plex with an attached and detached garage. Maintain as long term rental or convert to short term rental and maximize the cash flow opportunity. 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 both properties

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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

Keller Williams Realty Greater Chattanooga REALTORS® Member
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