Northside Inn

Multi-Family for Sale
Catylist Listing ID: 30377966
Property Subtypes: Low-Rise/Garden
Number of Units: 20 Units
Building Size (RSF): 8,797 SF
Gross Land Area: 1.21 Acres
Sale Price: $535,000
Unit Price: $26,750 Per Unit
Property Use Type: Investment, Business
Building Name: Northside Inn
Usable Size (USF): 8,797 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 4/1/2019

Overview / Comments

Northside Inn on Dayton Boulevard is a weekly rental complex with units renting 125.00 to 175.00 per week. There are 17 units with some room to expand. This property is near North Chattanooga with easy access to Highway 153 and I-27. Downtown Chattanooga is approximately 18 minutes. Many units need updating and repairs.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 099F B 020
Zoning: C-2
Percent Occupied: 20%
Property Located Between: Gadd Road and Highway 153
Highway Access: On Dayton Boulevard less than 1 mile to Highway 153
Airports: Louvell Field (Chattanooga Regional Airport)
Site Description: Level site
Area Description: Mixed light industrial, office and commercial
Total Number of Buildings: 2
Property Condition: Fair
Number of Stories: 1
Year Built: 1953
Year Renovated: 2012
Roof Type: Gable
Construction/Siding: Block
Parking Type: Surface
Parking Description: Parking in front and additional parking on concrete
Total Parking Spaces: 40
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Electricity
Fuel: Electric
Air Conditioning: Window Unit
Interior Description: 17 Efficiency Apartments in average to good condition. Each with a kitchenette, bathroom, and bedroom.
Lot Frontage: 200
Lot Depth: 316
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Legal Description: Lts 1,2&3 Blk F Daytona Heights Rev Blk D&E Pb12 Pg35 1760C 06 01

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,942 36,667 82,848
Median Age: 43.92 40.69 41.05
Households: 2,181 16,026 35,524

Contact

Photograph of Listing Agent

Trace A Mashburn

NextHome Plus Greater Chattanooga REALTORS® Member
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