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3400 Gail Dr
Chattanooga, TN 37412
The Ridge Apartments · Multifamily Property For Sale
·
40 Units
Property Facts
| No. Units | 40 | Lot Size | 5.14 AC |
| Property Type | Multifamily | Building Size | 52,333 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1970/2017 |
| Building Class | C | Parking Ratio | 1.22/1,000 SF |
| Zoning | UR | ||
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 5.14 AC |
| Building Size | 52,333 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1970/2017 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | UR |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Vinyl Flooring
Site Amenities
- Cabana
- Grill
- Pet Play Area
- Maintenance on site
About 3400 GAIL DR , CHATTANOOGA, TN 37412
Recently renovated gem in East Ridge. The Ridge Apartments is a well-maintained 40-unit apartment building located just off of S Seminole with quick access to Hamilton Place, downtown Chattanooga, and East Ridge. Currently 97.5% occupied (90%+ for 2 years) with a GMI of $27,496. Three of the units feature 1 bedroom, 1 bathroom with 660 sqft; twenty-three units have 2 bedrooms, 1 bathroom with 750-924 sqft; the remaining fourteen units have 3 bedroom, 2 bathrooms with 1,270 sqft. There also is a 41st unit that would make a perfect manager's office. Plenty of on site storage. Don't miss out on this incredible opportunity! Call today for more information.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $650.00 | 660 |
| 2+1 | 23 | $712.50 | 750 - 925 |
| 3+2 | 14 | $900.00 | 1,270 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,225,975 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,225,975
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