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: $1,500,000
Unit Price: $187,500 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 12/4/2019

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.

Attachments & Media

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

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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

Contact

Photograph of Listing Agent

Frazier DeVaney

NAI Charter Real Estate Corp. Greater Chattanooga REALTORS® Member
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