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26 Dolphin Ln 17 Unit Apartment Building $1,995,000 ($117,353/Unit) Ringgold, GA 30736
Investment Highlights
- Prime location in the charming city of Ringgold, GA
- Just 23 minutes from Downtown Chattanooga and UTC
- Current occupancy of 94% for a monthly income of $17,365
- Consistent rental income with established tenants and high occupancy rates
- Fourteen units have been updated with LVP flooring, fresh paint, and updated trim
- Current-adjusted NOI of $160k
Executive Summary
SVN | Second Story is pleased to introduce this prime investment opportunity at 26 Dolphin Ln, located in the growing Ringgold, GA area. This property consists of 7 duplexes and 1 triplex, totaling 17 units, with 14 of the units updated. This property offers an attractive unit mix of spacious 2-bedroom units, which each unit thoughtfully designed to provide both functionality and comfort, featuring LVP flooring, fresh paint, and updated trim. The property offers ample parking and a desirable location with close proximity to schools, shopping, dining, and major transportation routes, making it primed to attract tenants looking for convenience and connectivity. The property offers close proximity to Downtown Chattanooga/Hamilton Place and remaining upside for the new owner. With strong tenant demand and continued growth in the region, this is an excellent opportunity for investors seeking a well-maintained, low-maintenance asset that attracts reliable, long-term tenants looking for a quality and affordable place to live. Don’t miss your chance to add this gem to your portfolio!
Property Facts
| Price | $1,995,000 | Apartment Style | Garden |
| Price Per Unit | $117,353 | Building Class | C |
| Sale Type | Investment | Building Size | 15,300 SF |
| No. Units | 17 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1970 |
| Price | $1,995,000 |
| Price Per Unit | $117,353 |
| Sale Type | Investment |
| No. Units | 17 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Building Size | 15,300 SF |
| Average Occupancy | 95% |
| No. Stories | 1 |
| Year Built | 1970 |
Amenities
Unit Amenities
- Kitchen
- Oven
- Range
- Tub/Shower
- Recreation Room
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 17 | - | - |
1 1
Property Taxes
| Parcel Number | 00670-016 | Improvements Assessment | $511,518 |
| Land Assessment | $182,000 | Total Assessment | $693,518 |
Property Taxes
Parcel Number
00670-016
Land Assessment
$182,000
Improvements Assessment
$511,518
Total Assessment
$693,518
Contacts
-
Bianca Pichardo -
Tiffanie Robinson -
Jon Roosen -
SVN | Second Story Real Estate Management
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26 Dolphin Ln
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