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14 Clara Dr - 14 Clara Dr - Multifamily | 17 Duplex Portfol 34 Unit Apartment Building Offered at $6,469,691 CAD at a 7.62% Cap Rate Ringgold, GA 30736
Investment Highlights
- 23 Minutes from Downtown Chattanooga & UTC
- Strong Occupancy Unit Mix of 2BR Units
- 6 Minutes to Downtown Ringgold
- 2 Minutes from I-24
- 10 Minutes to Fort Oglethorpe
- Proximity To Grocers & Restaurants
Executive Summary
SVN | Second Story is pleased to introduce this prime investment opportunity at 14 Clara Dr, located in the growing Ringgold, GA area. This property consists of 17 duplexes, totaling 34 units, All units feature spacious 2BR / 1.5BA layouts with Jack-and-Jill style full baths and half baths off the main living area. The property has been well maintained, with multiple roofs replaced in 2023 and approximately half of the units updated with LVP flooring, paint and trim.
Property Facts
| Price | $6,469,691 CAD | Property Type | Multifamily |
| Price Per Unit | $190,285 CAD | Lot Size | 7.05 AC |
| Sale Type | Investment | Building Size | 34,000 SF |
| Cap Rate | 7.62% | No. Stories | 1 |
| Gross Rent Multiplier | 10.85 | Year Built | 1990 |
| No. Units | 34 |
| Price | $6,469,691 CAD |
| Price Per Unit | $190,285 CAD |
| Sale Type | Investment |
| Cap Rate | 7.62% |
| Gross Rent Multiplier | 10.85 |
| No. Units | 34 |
| Property Type | Multifamily |
| Lot Size | 7.05 AC |
| Building Size | 34,000 SF |
| No. Stories | 1 |
| Year Built | 1990 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 34 | - | 1,000 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0037C-046 | Improvements Assessment | $2,567,234 CAD |
| Land Assessment | $388,181 CAD | Total Assessment | $2,955,416 CAD |
Property Taxes
Parcel Number
0037C-046
Land Assessment
$388,181 CAD
Improvements Assessment
$2,567,234 CAD
Total Assessment
$2,955,416 CAD
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14 Clara Dr - 14 Clara Dr - Multifamily | 17 Duplex Portfol
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