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 |
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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