Prime North Shore Duplex / VRBO

Multi-Family for Sale
Catylist Listing ID: 30385286
Property Subtypes: Duplex/Fourplex
Number of Units: 2 Units
Building Size (RSF): 2,032 SF
Gross Building Area: See Agent
Sale Price: $599,000
Unit Price: $299,500 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: 8.63%
Gross Rent Multiplier: 52,000
Vacation Rental Income: Yes
Last Updated: 3/4/2019

Overview / Comments

This is your opportunity to own a fully legitimate commercially zoned Short term vacation rental. Historic community in downtown Chattanooga is home to Forest ave , walking distance to center of the North Shore. Views of surrounding mountains from the multiple decks and windows in this 2 story great complex. This property has all the character of the age of the home with complete remodeling of the infrastructure including new hvac systems and roof.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 135D J 027
Zoning: R-3
Community Amenities: Tennis Courts, Play Ground
Highway Access: 1 mile
Airports: Chattanooga Airport
Area Description: 1/4 of a mile From Nothshore riverfront, coolidge park on river , shops and restaurants of Frazier Ave
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1920
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Concrete
Parking Type: Other
Parking Description: off street parking behind building
Laundry: Shared
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central
Fuel: Other
Air Conditioning: Engineered System
Internet Access: Cable, DSL, ISDN, Satellite, T1/T3, Gigabit, Dialup, Other
Lot Frontage: 50
Lot Depth: 85
Water Service: Municipal
Sewer Type: Municipal
Legal Description: lot 6 Colvilles Addn N/R

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,263 52,469 128,114
Median Age: 34.74 34.46 37.41
Households: 4,038 21,879 53,615

Contact

Photograph of Listing Agent

Jonathan Campbell

Keller Williams Realty Greater Chattanooga REALTORS® Member
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