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: |
12/2/2019 |
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.
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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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