This Multifamily Property is Off-Market.

2833 Dayton Blvd
Red Bank, TN 37415 ·

36 Units · Multifamily For Sale

N/A

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Green Gables

Price N/A Commission Split 1%
No. Units 36 Cap Rate 10%
Building Size 24,584 SF Occupancy 90%
Property Type Multifamily No. Stories 2
Property Sub-type Garden/Low-Rise Year Built 1978
Property Use Type Investment Lot Size 1 AC
Listing ID: 16190118 Date Created: 04/13/2009 Last Updated: 08/13/2009

Description

*** Owner will finance the entire property with 25-30% down.* Interest only payments first year!!
36 Unit apartment complex. 20 (1) bedroom and 16 (2) bedroom apartments. Property has been recently remodelled and updated. All units have electric Central Heat and Air. All water is on one meter and the owner pays for it. A rent roll and financial analysis have been provided but there are no detailed financials available. Owner has owned since July of 2008 and has been doing a lot of renovations since then. Over $125,000

Located on a busy street with great visibility. Only 10 minutes from downtown Chattanooga and 20 minutes from new 1 Billion dollar VW Plant currently being built in Chattanooga.
Lots of good companies in Chattanooga. Blue Cross Blue Shield built a new headquarters here. The city is the headquarters for the Division of Power of the Tennessee Valley Authority (TVA), the largest utility in the United States.
Locally based UNUM Provident Corp. is a Fortune 500 service company. Other large companies with headquarters in the city include Blue Cross/Blue Shield of Tennessee, Brach & Brock Confections, Chattem Inc., Dixie Yarns, The Krystal Company, McKee Baking Company (Little Debby's), North American Royalties, and Olan Mills, Inc. In addition just 15 minutes North of Chattanooga, a 1 Billion dollar chemical company has just announced they are building a plant in Cleveland, TN.

Highlights

  • Owner will finance.

Research

2833 Dayton Blvd, Red Bank, TN 37415 (Hamilton County)

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