10 Unit Apartments Ringgold, Ga

Multi-Family for Sale
Catylist Listing ID: 30504214
Property Subtypes: Low-Rise/Garden
Number of Units: 10 Units
Building Size (RSF): 5,820 SF
Gross Building Area: 11,200 SF
Gross Land Area: 1.30 Acres
Sale Price: $499,000
Unit Price: $49,900 Per Unit
Property Use Type: Investment
Building Name: Creeks Bend Apartments
Usable Size (USF): 5,820 SF
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Average Occupancy Rate: 90
Last Updated: 3/23/2020

Overview / Comments

10 Unit Apartment Complex right outside of downtown Ringgold, Ga. Listed at a 7 cap. This property consists of 2 buildings. The first building has 7 units at 600 SF/unit. The second building has 3 units at 540 SF/unit as well as the potential to develop more units. (call me for specifics) The property was connected to sewer last year allowing more density per acre (1.3). In 2010, improvements include new plumbing, wiring, HVAC, kitchens, and flooring.

Please call/email the Listing Agent (Tyler Rogers) to schedule a showing.

Additional Details

Nearest MSA: Chattanooga
County: Catoosa
Tax ID/APN: 0054A00400B
Zoning: C-3
Property Located Between: Creeks Bend Dr & Creeks Bend Ln
Highway Access: I-75 via Hwy 41
Airports: Chattanooga Metropolitan Airport
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 2
Year Built: 1984
Year Renovated: 2018
Roof Type: Arched
Construction/Siding: Vinyl Siding
Laundry: Shared
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Engineered System
Zoning Description: C-3
Water Service: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 7,539 33,271
Median Age: 37.94 37.66
Households: 2,947 12,355


Photograph of Listing Agent

Tyler Rogers

Scout Realtor Group, LLC Greater Chattanooga REALTORS® Member
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