Webb Oaks

Multi-Family for Sale
Catylist Listing ID: 30639992
Property Subtypes: Duplex/Fourplex
Number of Units: 14 Units
Building Size (RSF): 2,200 SF
Gross Building Area: 15,400 SF
Gross Land Area: 0.25 - 2 Acres
Sale Price: $1,300,000
Unit Price: $92,857.14 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 98
Gross Rent Multiplier: 131,640
Last Updated: 10/16/2020

Overview / Comments

7 Duplex units, total of 14 units. Fully leased with steady income stream, The units are townhouse style 2 bedroom 1.5 bath. Six buildings have garages (1 Car each side). The location is convenient to 153 and I-75. Highway 58 to Webb road.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton
Tax ID/APN: 129B-B0oo1.10&.03 &.11 & .12 &.13 &.08
Zoning: R-2
Percent Occupied: 100%
Highway Access: Highway 58
Airports: CHA Chattanooga
Site Description: Cul-de-sac location
Area Description: Just a quarter mile off highway 58.
Total Number of Buildings: 7
Property Condition: Good
Number of Stories: 2
Year Built: 2001
Roof Type: Gable
Construction/Siding: Vinyl Siding
Exterior Description: Frame with vinyl siding.
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Parking Description: 1 Car Garage each unit. Plus double paved parking area.
Total Parking Spaces: 42
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Zoning Description: R-2
Lot Frontage: 78 per duplex
Lot Depth: 142
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Fee Simple

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,871 30,371 117,354
Median Age: 40.67 40.74 40.04
Households: 2,653 13,195 48,688

Contact

Photograph of Listing Agent

Shawn Matthews

Coldwell Banker Kinard Realty Greater Chattanooga REALTORS® Member
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