Multifamily Monteagle TN
Multi-Family
for Sale
| Catylist Listing ID: |
30659972 |
| Property Subtypes: |
Low-Rise/Garden
|
| Number of Units: |
24 Units |
| Building Size (RSF): |
19,098 SF |
| Gross Building Area: |
See Agent |
| Gross Land Area: |
2.28 Acres
|
| Sale Price: |
$1,300,000 |
| Unit Price: |
$54,166.67 Per Unit |
| Property Use Type: |
Net Leased Investment (NNN) |
| Building Name: |
Parkwood Apartments |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
8.6% |
| Last Updated: |
3/31/2021 |
Overview / Comments
|
Monteagle TN, 24 Unit Multifamily Complex. 1 Office Building and 3 Apartment Buildings. 2.28 acre lot size with re-surfaced / re-striped parking lot. 15 units have undergone recent renovation (HVAC, Water Heaters, Cabinets, Appliances, Fixtures, Ceiling Fans). All roofs have been replaced.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Grundy |
| Taxing Authority: |
Grundy County TN |
| Tax ID/APN: |
107C D 00700 |
| Percent Occupied: |
96% |
| Total Number of Buildings: |
4 |
| Property Condition: |
Good |
| Year Built: |
1986 |
| Year Renovated: |
2020 |
| Parking Type: |
Surface |
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
726 |
5,354 |
| Median Age: |
53.61 |
44.98 |
| Households: |
259 |
2,192 |
|
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