Income Producing RV/Mobile Home Park Zoned Multi-Family with Sewer

Special Purpose for Sale
Catylist Listing ID: 30279843
Building Size (RSF): 5,000 SF
Gross Building Area: See Agent
Gross Land Area: 18.43 Acres
Sale Price: $339,900
Property Use Type: Investment
Sale Terms: Cash to Seller
Last Updated: 11/26/2018

Overview / Comments

OWNER MOTIVATED. DRASTICALLY REDUCED. Prime multifamily zoned property with city sewer access. This 18+ acre property is currently producing income as the Charleston Commons RV Park consisting of 35 RV pads with a 3,000+ square foot warehouse. Current monthly operational expenses are about $1,300 and the monthly rental income at this time is $4,125. The property is zoned R-2, High Density Residential, and has public sewer access making it a perfect site for a multifamily development, mobile homes or apartments. The location of this property is key, as it is central to major employers in the area: the Charleston Amazon Fulfillment Center is located just 4.1 miles away via TN-308, Bowater is located just 1.9 miles away via US-11, Olin Products is only 3.7 miles away via surface streets, and Wacker is just 3.8 miles away via TN-308. Chattanooga’s Volkswagen plant is also easily accessed from the property, as I-75 is only 3.9 miles away. Additionally, a Piggly Wiggly is located adjacent to the property providing added convenience for tenants.

The monthly operational expenses are: Electric $750, Water $425, WiFi $135.
Insurance and taxes are $2,500 annually.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 016 014.08
Zoning: R-2 HIGH DENSITY RESIDENTIAL DISTRICT
Airports: Chattanooga Metropolitan Airport (CHA) - 35 miles
Number of Stories: 1
Year Built: 1985
Roof Type: Arched
Construction/Siding: Metal Siding
Parking Type: Surface
Sprinklers: None
Zoning Description: This property is zoned R-2, High-Density Residential District by Bradley County, TN
Lot Frontage: No direct frontage
Water Service: Municipal
Sewer Type: Municipal
Easements: Ingress/Egress
Easements Description: There are no known adverse easements. ***The land is accessed through an easement through the front parcel. (In appraisal this is assumed)

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,618 6,850 14,175
Median Age: 38.2 41.46 40.95
Households: 627 2,597 5,379

Contact

Photograph of Listing Agent

Joe M Pleva

KW Commercial Greater Chattanooga REALTORS® Member
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