Licensed AIRBNB **Lots of Growth Potential**

Multi-Family for Sale
Catylist Listing ID: 30736775
Property Subtypes: Low-Rise/Garden, Mixed Use
Number of Units: 5 Units
Building Size (RSF): 8,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.11 Acres
Sale Price: $750,000
Unit Price: $150,000 Per Unit
Property Use Type: Investment
Building Name: 3451 Brainerd Rd
Usable Size (USF): 8,000 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Vacation Rental Income: Yes
Last Updated: 6/29/2021

Overview / Comments

Great opportunity to own a licensed AIRBNB!
There are 3 apartments on the upper level, one full apartment with 1 bedroom, kitchen, combined with living room, bathroom, and a laundry room.
Second apartment has 1 bedroom, kitchen living room, and a partially equipped kitchen. The third apartment is more of an efficiency apartment with a small galley kitchen. Currently the owner lives in one unit and rents the other 2 apartments.

The main level is approximately 1800 square feet, with a foyer, 2 very large rooms and 2 office size rooms, and a half restroom (no shower). This space has been used as commercial in the past. It would be very easy to subdivide the 2 large rooms into 4 rooms, add a kitchen in one and a full restroom in another. These changes would make this space perfect for a 4 bedroom Airbnb. You could continue to use it as commercial.

The lower level apartment has 1 bedroom, living room, partially equipped kitchen, full bathroom and a door going into the side garage where the laundry area is located. This apartment averages $1900 a month Airbnb income.

There is a garage door on the side of the building where you enter into a garage area, workshop area, water heater (new tankless that services the entire building) laundry area, which can service the entire building.

The owner has made many updates on this property. A detailed list can be provided upon request.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County, TN
Tax ID/APN: 147P D 024.01
Zoning: C-2
Percent Occupied: 90%
Property Located Between: Woodlawn Drive and Tunnel Blvd
Highway Access: Minutes to I24
Airports: Chattanooga Metropolitan Airport
Site Description: 3 story block building
Area Description: mixture of commercial and residential
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 3
Year Built: 1950
Year Renovated: 2020
Roof Type: Flat
Construction/Siding: Block
Parking Type: Surface
Parking Description: 4 Brainerd Rd parking spaces, with additional parking in the rear.
Laundry: Shared
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: T1/T3, Fiber Optic
Zoning Description: C-2
Lot Frontage: 100
Lot Depth: 50
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: LLC
Legal Description: Lts 9,10 E R Howard Sub Pb 9 Pg 21

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 10,619 79,496 157,927
Median Age: 38.1 35.9 37.02
Households: 4,674 31,656 66,123

Contact

Photograph of Listing Agent

Judy Webster

Keller Williams Realty Greater Chattanooga REALTORS® Member
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