Chattanooga Fourplex / Redevelopment

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30827812
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 4 Units
Building Size (RSF): 2,760 SF
Gross Building Area: See Agent
Gross Land Area: 0.34 Acres
Sale Price: $375,000
Unit Price: $93,750 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 1/4/2023

Overview / Comments

Great investment and redevelopment opportunity located just North East of Downtown Chattanooga. This property, located directly across from the mixed use Mill Town development, features a fourplex on a double lot. There is potential to do cosmetic updates and further increase rents, or a buyer could redevelop the site and build up to 7 townhouses.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Tax ID/APN: 033156F J 03600P000
Zoning: R-1
Percent Occupied: 100%
Area Description: The property is approximately 10 minutes from Downtown Chattanooga and sits directly across from the Mill Town development.
Total Number of Buildings: 1
Number of Stories: 2
Year Built: 1930
Parking Type: Surface

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,279 82,011 148,868
Median Age: 30.26 36.15 36.88
Households: 4,347 32,963 61,530

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