4 Duplex, 8 Door Investment Portfolio

Multi-Family for Sale
Sale Pending/Contingent
Catylist Listing ID: 30722794
Property Subtypes: Duplex/Fourplex
Status: Pending/Contingent
Number of Units: 8 Units
Building Size (RSF): 8,000 SF
Gross Building Area: 2,000 SF
Sale Price: $740,000
Unit Price: $92,500 Per Unit
Property Use Type: Investment
Building Name: Dayton PIke Duplexes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Average Occupancy Rate: 100
Gross Rent Multiplier: 8.56
Last Updated: 4/11/2021

Overview / Comments

Seller is wanting to sell this as a package deal along with 11209, 11213, 11215 Dayton Pike. Side A of this unit has new siding, and a new tub surround. This side of the duplex has hardwood floors and tile. Side B of the unit has new quarter round, new paint and new siding as well. New gutters will be installed shortly on the unit and both decks have been stained. If you do a drive by to see the outside of the units, please do not get out of the car and walk around properties since they are all occupied and it's not fair to the tenants. No showings of the inside until there is an accepted offer. Owner/Agent

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 033048E B 04203
Percent Occupied: 100%
Property Located Between: Hixson Pike and Dayton Pike Near Soddy Lake
Highway Access: US Highway 27
Airports: Chattanooga Airport and Dallas Bay International
Site Description: All units have vinyl siding exterior, stained decks at front and back doors, with asphalt shingles and full lawn.
Area Description: Conveniently located to Soddy Lake, Downtown Soddy Daisy, Hixson, Tn. and Downtown Chattanooga.
Total Number of Buildings: 4
Property Condition: Good
Number of Stories: 1
Year Built: 1974
Year Renovated: 2019
Roof Type: Gable
Construction/Siding: Vinyl Siding
Parking Type: Surface
Parking Description: Each unit has it's own individual parking up to 2 vehicles and additional space.
Total Parking Spaces: 2
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Heat Pump
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Fiber Optic
Zoning Description: R-3 Apartment-Townhouse District, City of Soddy Daisy
Lot Frontage: 100'
Lot Depth: 220'
Water Service: Municipal
Sewer Type: Municipal
Land Ownership: Owned
Legal Description: LT 4 J W THOMAS SUB PB 44 PG 376

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,663 11,142 27,171
Median Age: 42.23 41.79 41.02
Households: 695 4,297 10,556

Contact

Photograph of Listing Agent

Chris Powell

Keller Williams Realty Greater Chattanooga REALTORS® Member
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