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: |
1/17/2021 |
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.
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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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