Downtown Apartment Building for Sale
Multi-Family
for Sale
| Catylist Listing ID: |
30531995 |
| Property Subtypes: |
Mid-Rise, Mixed Use, Student Housing, Other
|
| Number of Units: |
25 Units |
| Building Size (RSF): |
18,600 SF |
| Gross Building Area: |
See Agent |
| Sale Price: |
$2,950,000 |
| Unit Price: |
$118,000 Per Unit |
| In Opportunity Zone? |
Yes |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Average Occupancy Rate: |
92 |
| Last Updated: |
3/26/2020 |
Overview / Comments
This twenty-five (25) unit apartment building is centrally located in downtown Chattanooga and within walking distance of UTC and many other downtown attractions. The building maintains a high occupancy rate year-round and units are remodeled as they turnover.
307 East 8th Street is an amazing investment opportunity to own a quality apartment building located within a Qualified Opportunity Zone in the Chattanooga downtown area.
The apartment building is part of a larger portfolio that can be purchased individually or collectively.
Contact agent to schedule an appointment. Due Diligence package available upon request and execution of an NDA.
|
Additional Details
| Nearest MSA: |
Chattanooga |
| County: |
Hamilton |
| Tax ID/APN: |
033145D M 01400 |
| Zoning: |
U-CX-6 |
| Percent Occupied: |
92% |
| Property Located Between: |
McCallie Avenue and MLK. |
| Total Number of Buildings: |
1 |
| Property Condition: |
Average |
| Number of Stories: |
4 |
| Year Built: |
1920 |
| Roof Type: |
Flat |
| Laundry: |
Shared |
| Sprinklers: |
None |
| Zoning Description: |
The Commercial Mixed Use (U-CX) zone is intended to accommodate a variety of residential, retail, service and commercial building forms and uses. U-CX-6 allows for a maximum of 6 stories.
|
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Land Ownership: |
Owned |
Demographic Statistics
| Proximity: |
1 mile |
3 miles |
5 miles |
| Total Population: |
11,060 |
49,743 |
126,988 |
| Median Age: |
32.05 |
33.18 |
36.59 |
| Households: |
4,213 |
19,887 |
52,727 |
|
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Neither Greater Chattanooga REALTORS® nor
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