Duplex x 2 (4 Units) on Double Corner Lot

Multi-Family for Sale
Catylist Listing ID: 30528164
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 4,168 SF
Gross Building Area: See Agent
Gross Land Area: 0.66 Acres
Sale Price: $249,900
Unit Price: $62,475 Per Unit
Property Use Type: Investment
Usable Size (USF): 4,168 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Last Updated: 3/16/2020

Overview / Comments

Considering investing in real estate rental property or adding to your current rental portfolio? This is definitely the property to consider. Two 1998 Duplexes (total of 4 units) on a 0.66+/- acre double corner lot. Each unit offers 1,000+/- SF 2 Bedroom 1 Bathroom, a covered attached carport, storage room, covered stoop, and open patio. All units are currently rented. Do not miss this amazing opportunity to own your own rental and/or property management business.

Additional Details

Nearest MSA: Chattanooga
County: Walker
Tax ID/APN: 1024 064
Zoning: R-3
Percent Occupied: 100%
Property Located Between: Off Main St
Highway Access: Right Off Highway 27 and close to HWY 136 & 337
Airports: CHA Chattanooga 39 Miles
Site Description: Double Lot with Duplex on each side
Area Description: Right off Main St minutes from shopping & restaurants.
Total Number of Buildings: 2
Property Condition: Average
Number of Stories: 1
Year Built: 1998
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Parking Description: Covered Attached Carport on each unit (4 Total)
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable, DSL, Satellite
Interior Description: 2 Bedroom, 1 Bath, Living room, Kitchen, dining room, & laundry area
Zoning Description: R-3
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Subdivision Belmont Park Plat Book/Page Block/Lot C/19-21 District/Ward 01 Description Lts 19-21 & Ptlt22 Blk C Belmont Park

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,650 10,363 13,359
Median Age: 37.63 38.88 39.27
Households: 1,856 4,064 5,210


Photograph of Listing Agent

Erik Palmer

Crye-Leike, REALTORS Greater Chattanooga REALTORS® Member
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