Fully Leased/Updated Fourplex in Chattanooga

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30354932
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 4 Units
Building Size (RSF): 3,060 SF
Gross Building Area: See Agent
Gross Land Area: 0.64 Acres
Sale Price: $275,000
Unit Price: $68,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 2/20/2019

Overview / Comments

Great opportunity to own a very well maintained and recently updated fourplex in Chattanooga that is 100% leased!

Unit A: 960sf, 3BR/1BA, 2 story unit w/screened in porch
Unit B: 800sf, 2BR/1BA, Large kitchen w/ dining room and back porch
Unit C: 800sf, 2BR/1BA, Large kitchen
Unit D: 500sf, Studio/1BA, Newly remodeled large kitchen

Current GMI is $2250
All of the apartments have new flooring within the last 2 years
All A/C units have been replaced within the last 5 years
Building exterior repainted 2 years ago
Roof replaced 5 years ago

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 129B B 002
Percent Occupied: 100%
Highway Access: Property located just off Hwy 58 and 2.5 miles from Hwy 153 on-ramp
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1984
Total Parking Spaces: 10

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,269 28,507 117,587
Median Age: 40.27 40.18 40.06
Households: 3,233 12,493 48,795


Photograph of Listing Agent

Virginia F Brockman

KW Commercial Greater Chattanooga REALTORS® Member
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