Downtown Apartment Building for Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30531994 |
| Property Subtypes: |
Mid-Rise, Mixed Use, Student Housing, Other
|
| Number of Units: |
8 Units |
| Building Size (RSF): |
7,056 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$1,100,000 |
| Unit Price: |
$137,500 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Last Updated: |
7/29/2020 |
Overview / Comments
This eight (8) unit apartment building is centrally located in downtown Chattanooga and within walking distance of UTC and many other downtown attractions. The building maintains a high occupancy rate year-round and units are remodeled as they turnover.
416 McCallie is an amazing investment opportunity to own a quality apartment building located within a Qualified Opportunity Zone in the Chattanooga downtown area.
The apartment building is part of a larger portfolio that can be purchased individually or collectively.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033145D M 01000 |
| Zoning: |
U-CX-6 |
| Percent Occupied: |
88% |
| Property Located Between: |
McCallie Avenue and MLK. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
4 |
| Year Built: |
1920 |
| Passenger Elevators: |
1 |
| Laundry: |
Shared |
| Zoning Description: |
The Commercial Mixed Use (U-CX) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses. U-CX-6 allows for a maximum of 6 stories. |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,238 |
50,724 |
128,932 |
| Median Age: |
31.89 |
33.22 |
36.65 |
| Households: |
4,172 |
20,390 |
53,551 |
|
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