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125 E Frontage Rd 8 Unit Apartment Building $1,738,225 CAD ($217,278 CAD/Unit) 6.72% Cap Rate Chattanooga, TN 37405
Investment Highlights
- In close proximity to Stringers Ridge Park
- Easy access to Highway 29
Executive Summary
Available for sale is this multi-family property consisting of 8-units with the ability to be zoned for 40-units. Owner/agent
Property Facts
| Price | $1,738,225 CAD | Building Class | C |
| Price Per Unit | $217,278 CAD | Lot Size | 1.22 AC |
| Sale Type | Investment | Building Size | 3,868 SF |
| Cap Rate | 6.72% | No. Stories | 1 |
| No. Units | 8 | Year Built | 1960 |
| Property Type | Multifamily | Parking Ratio | 1.55/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-4 - Multi-Family Zoning | ||
| Price | $1,738,225 CAD |
| Price Per Unit | $217,278 CAD |
| Sale Type | Investment |
| Cap Rate | 6.72% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.22 AC |
| Building Size | 3,868 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Parking Ratio | 1.55/1,000 SF |
| Zoning | R-4 - Multi-Family Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Storage Space
- Kitchen
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 126N-B-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $253,591 CAD |
Property Taxes
Parcel Number
126N-B-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$253,591 CAD
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125 E Frontage Rd
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