3331 Saint Elmo Ave | Chattanooga, TN 37408
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- LoopNet Team
3331 Saint Elmo Ave
Chattanooga, TN 37408
St. Elmo Station · Multifamily Property For Sale
·
60 Units
INVESTMENT HIGHLIGHTS
- Investment opportunity with value-add potential and placement in a US-designated Opportunity Zone, allowing for possible capital gains tax incentives.
- Located only 3 minutes from I-24, 5 minutes from downtown Chattanooga, and 27 minutes from the Chattanooga Metropolitan Airport.
- Enjoy popular local spots like Goodman's Coffee, Clumpies Ice Cream, Lookout Mountain Incline Railway, and Ruby Falls.
- All units equipped with necessities such as air conditioning/heating, fully built-out kitchens, modern baths, and have 24 hour controlled access.
- A thriving hub of retailers and amenities such as Dunkin', Publix, Food City, Wendy's, and gas stations surround the site.
- St. Elmo's Station residents can take pleasure in the bountiful nature nearby, with waterfront trails, paths and guided tours on Lookout Mountain.
PROPERTY FACTS
| No. Units | 60 | Lot Size | 3.76 AC |
| Property Type | Multifamily | Building Size | 137,979 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2024 |
| Building Class | B | Parking Ratio | 0.91/1,000 SF |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 3.76 AC |
| Building Size | 137,979 SF |
| No. Stories | 3 |
| Year Built | 2024 |
| Parking Ratio | 0.91/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Roof Terrace
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2.5 | 27 | - | 1,957 |
| 3+3.5 | 33 | - | 2,580 |
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