5 Unit Multifamily in St Elmo

Multi-Family for Sale
Catylist Listing ID: 30518608
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $343,000
Unit Price: $68,600 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/6/2020

Overview / Comments

Welcome to 4529 Balcom St in Historic St Elmo! This great investment property features two duplex, one single family house, and an open grassy area all on one lot. With a strong rental history and numerous updates, this property is ready to cash flow for you today. The two duplexes were taken down to the studs and completely reworked a few years ago with new plumbing, electrical and spray foam insulation. The single family unit is being revamped now with new ceilings, paint and carpet and will be ready to rent by closing. The four units in the duplexes are each 1 bed 1 bath units and the single family home is a 3 bed room, 1 bath house. Current monthly income of $3045/mo with room to increase rent on 3 of the 5 units.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033167G M 01300
Zoning: R-2
Community Amenities: Play Ground
Property Condition: Good
Number of Stories: 1
Year Built: 1920
Roof Type: Gable
Parking Type: Surface
Parking Description: Street parking
Laundry: In Each Unit
Heat Type: Electricity
Heat Source: Baseboard
Air Conditioning: Window Unit
Internet Access: Gigabit
Interior Description: Updated interiors.
Zoning Description: R-2
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,941 41,968 104,583
Median Age: 33.64 34.21 36.37
Households: 2,508 15,681 42,010


Photograph of Listing Agent

Mark D Richmond

Keller Williams Realty Greater Chattanooga REALTORS® Member
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