4 Home Portfolio

Multi-Family for Sale
Catylist Listing ID: 30263731
Number of Units: 4 Units
Building Size (RSF): 4,914 SF
Gross Building Area: See Agent
Sale Price: $336,810
Unit Price: $84,202.50 Per Unit
Property Use Type: Net Leased Investment (NNN), Investment
Building Name: Income Portfolio
Sale Terms: Cash to Seller
Cap Rate: 9.5%
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.80
Last Updated: 5/17/2018

Overview / Comments

This is a portfolio of 4 single family homes that have each been occupied at for at least 2 years and well maintained. The current (after taxes and insurance) Net Operating Income (NOI) is $31,997.

Addresses:

1. 5806 Clover St Chattanooga, TN 37412

2. 6010 Wellworth Ave Chattanooga, TN 37412

3. 19 Woodard Cir Chattanooga, TN 37412

4. 1402 Sewanee Dr Chattanooga, TN 37412

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033169F J 02302P000
Zoning: R-1
Percent Occupied: 100%
Highway Access: I-75, I-24
Airports: Chattanooga Metro Airport
Site Description: These properties are located within 1.6 miles of each other. Quiet neighborhoods with reliable tenants.
Area Description: The properties are located in East Ridge. Some properties in the area if mortgaged may require flood insurance.
Total Number of Buildings: 4
Property Condition: Excellent
Number of Stories: 1
Parking Type: Structure, Surface
Parking Description: Parking style varies with each property.
Laundry: In Each Unit
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: 1. 5806 Clover St Chattanooga, TN 37412 Tax ID: 169F J 008 Legal Description: Lt 4 Blk J Del Rey Park Pb 11 Pg 15 2. 6010 Wellworth Ave Chattanooga, TN 37412 Tax ID: 169F J 023.01 Legal Description: Lts 8&17 Blk D Del Rey Park Pb 11 P G 15 3. 19 Woodard Cir Chattanooga, TN 37412 Tax ID: 169K C 019 Legal Description: 0328 05 12 Lot 9 Blk 2 Swope Hgts Pb 15 Pg 93 4. 1402 Sewanee Dr Chattanooga, TN 37412 Tax ID: 169K J 024 Legal Description:Lt 2 Blk 3 Highway Park Pb10 Pg34

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,705 66,980 151,446
Median Age: 39.64 38.68 37.58
Households: 3,892 28,904 62,619

Contact

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