Hiwassee Street

Multi-Family for Sale
Catylist Listing ID: 30368761
Property Subtypes: Duplex/Fourplex
Number of Units: 12 Units
Building Size (RSF): 450 SF
Gross Building Area: 5,000 SF
Gross Land Area: 1.01 Acres
Sale Price: $735,000
Unit Price: $61,250 Per Unit
Property Use Type: Investment, Business
Building Name: Hiwassee Property
Sale Terms: Undisclosed, Cash to Seller
Cap Rate: 8.1%
Average Occupancy Rate: 92
Gross Rent Multiplier: 10
Last Updated: 1/26/2019

Overview / Comments

Protect Your ROI Easy as Pie! $9600+ Monthly Investment Potential + 0.23 Acres of Additional Commercial Building Potential! Investor's Start-Up Dream in Charleston, Driven by a Massive Industry Demand for Housing! 12 Unit Apartment Complex with 11 Units Currently Rented at $200 per Week! Conveniently Located JUST 3.9 MILES FROM I-75 on US-11 to the Industry Players that will Likely Keep Those Units Filled and Less Than One Mile to the Boat Ramp on the Sumptuous Waters of the Hiwassee River. Wacker Chemical, Olin Chemical, Amazon, Budweiser Tarver Distribution, Resolute Paper Products, and Quite a Few Others Have Laid Claim to North Bradley County as the Catalyst for Their Future Growth. The Property is Mere Minutes Away from Charleston Elementary and Walker Valley High School. While Charleston Itself Offers Dining and Shopping Options, a short 11-Mile Drive will Find You Directly in Cleveland's Bustling and Ever-Booming City Center. Get on the Phone Today to see Why This is Worth Your Time!

Additional Details

Nearest MSA: Cleveland
County: Bradley
Percent Occupied: 92%
Community Amenities: On-Site Maintenance
Property Located Between: Hiwassee St (US 11) and Pine Lane
Highway Access: US 11
Airports: Cleveland Regional Jet port
Site Description: 12 unit apartment complex with 0.23 cleared acreage fronting US11, Zoned commercial
Area Description: North Bradley is a booming business hub celebrating 10+ fortune 500 companies including Amazon, Wacker, Wright Bros Construction, Olin Chemical, Lonza, Budweiser Distribution, Resolute paper Products. Property is located less than 1 mile from the Hiwassee River. Average daily traffic count is 800 +
Total Number of Buildings: 6
Property Condition: Excellent
Number of Stories: 1
Year Built: 2015
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Built 2015 on Concrete slab, beige vinyl siding, individual heating and cooling, and individual water heaters. 2 units per building and 30 yr metal roof
Parking Type: Surface
Total Parking Spaces: 2
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Engineered System
Lot Frontage: 358 ft
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owner

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,618 2,776 10,632
Median Age: 38.2 40.08 41.31
Households: 627 1,080 3,996


Photograph of Listing Agent

Shawn Matthews

Coldwell Banker Kinard Realty Greater Chattanooga REALTORS® Member
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