Southside 10 Unit Multifamily

Multi-Family for Sale
Call for Offers
Catylist Listing ID: 30735190
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 8,001 SF
Gross Building Area: See Agent
Sale Price: $1
Unit Price: $0.10 Per Unit
In Opportunity Zone? Yes
Property Use Type: Investment
Building Name: 1700 Read Apartments
Sale Terms: Cash to Seller
Call for Offers: Yes
Average Occupancy Rate: 100
Last Updated: 5/28/2021

Overview / Comments

Fletcher Bright Company is pleased to present 1700 Read Avenue, a 10-unit apartment redevelopment situated on the Southside in the thriving city of Chattanooga. Located within a qualified Opportunity Zone, 1700 Read Ave represents the opportunity to acquire a quality-constructed, low maintenance property in one of the area’s top rental markets. Investors seeking a value-add opportunity within the Opportunity Zone on Chattanooga’s burgeoning Southside will find this opportunity attractive.

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Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033145M G 01600
Percent Occupied: 100%
Area Description: Located in the heart of the Southside District and within a qualified Opportunity Zone, 1700 Read Ave Apartments are ideally situated within this hip community. 1700 Read is located near all of the area’s favorite shopping, restaurants, and nightlife and only minutes to the Interstate. This asset enjoys excellent proximity to downtown, UTC, and the South Broad corridor. Significant upside can be realized through cosmetic upgrades to each unit.
Number of Stories: 2
Year Built: 1958
Parking Type: Surface
Parking Description: Surface and Street parking available
Laundry: Shared

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,451 59,838 133,255
Median Age: 31.06 33.93 36.78
Households: 3,198 23,740 55,163


Photograph of Listing Agent

Jack M Martin

Fletcher Bright Realty Greater Chattanooga REALTORS® Member
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