3121 Bimini Pl
Chattanooga, TN 37412
Vista Ridge · Multifamily Property For Sale
·
42 Units
Property Facts
| No. Units | 42 | Lot Size | 10.00 AC |
| Property Type | Multifamily | Building Size | 35,000 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1964 |
| Building Class | C | Parking Ratio | 4.76/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 10.00 AC |
| Building Size | 35,000 SF |
| No. Stories | 1 |
| Year Built | 1964 |
| Parking Ratio | 4.76/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Oven
- Range
- Tub/Shower
About 3121 BIMINI PL , CHATTANOOGA, TN 37412
Vista Ridge Community Apartment complex is a 42 unit complex located in the East Ridge Submarket and is nestled up to the side of Missionary Ridge, just off of Seminole Drive. There are 5 buildings on the property. There are 3 buildings which contain 38 2-bedroom, 1-bath units and 1 1-bedroom, 1-bath unit. There is also an A-frame house with 1-bedroom and 1-bath and the second home is a large 3-bedroom, 3-bath home. It is located at the top of the property.It is counted as 2 apartments. Vista Ridge has had a very high occupancy rate over the last several years and is typically well over 90%. Currently, there is one apartment empty and the large house. Average monthly rents have grown from about $515/month in 2013 to $590/month in 2016. The Seller put new roofs on the 3 buildings which contain the 39 units in 2014 & 2015. They have also installed a water sub-metering system on the hot water units. The sub-metering generates about $26,000 per year in income and covers about half of the municipal water bill. Just off South Seminole Drive
Property Taxes
| Parcel Number | 168C-E-018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,142,200 |
Property Taxes
