Multifamily Monteagle TN

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30659972
Property Subtypes: Low-Rise/Garden
Status: Pending/Contingent
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: 6/15/2021

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

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 726 5,354
Median Age: 53.61 44.98
Households: 259 2,192


Photograph of Listing Agent

John Mitchum

RE/MAX Renaissance Realtors Greater Chattanooga REALTORS® Member
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