Southside Quadplex

Multi-Family for Sale
Catylist Listing ID: 30363914
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,372 SF
Gross Building Area: See Agent
Gross Land Area: 0.14 Acres
Sale Price: $609,900
Unit Price: $152,475 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 1/4/2019

Overview / Comments

Located in Chattanooga's booming Southside, this quadplex is within walking distance to fine dining, shopping, entertainment, and a short drive to the University of Tennessee at Chattanooga. Each unit features 3 spacious bedrooms, 1 and 1/2 bathrooms, living and dining room, and washer/dryer hookups. Some units have been recently renovated to include fresh paint, custom cabinetry, all-black appliances, and plush carpeting. Tenants enjoy off street parking and covered porches. Usually 100% occupied, although a tenant is in the process of moving out. Once the unit is unoccupied, it will be left vacant for showings. Current gross monthly income is $3,100 with the potential of over $5,200 or more. Call today for your private showing!

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 145LDH 009
Percent Occupied: 75%
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1997
Legal Description: Lt 46 & Pt Lt 45 Fort Negley Addn P B1 Pg26

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,451 60,747 133,255
Median Age: 31.06 33.96 36.78
Households: 3,198 24,114 55,163


Photograph of Listing Agent

Grace Frank

Real Estate Partners Chatt LLC Greater Chattanooga REALTORS® Member
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