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The Firefly 1400 N Chamberlain Ave 60 Unit Apartment Building For Sale Chattanooga, TN 37406
Investment Highlights
- Mark to Market Play with Rents $325 below market
- 2002 Vintage
- Exterior and Interior need minimal work
- 14 Acres for 200+ units of development expansion
- 94% occupancy
Executive Summary
New Chattanooga Opportunity Available!
Firefly Apartments with Expansion Opportunity
60 Existing Units | 14 Acres | 200+ Units of Development Upside
Market-Rate Townhome & Apartment Community
Strong Mark-to-Market Play | Rents ~$325 Below Market
2–3BR floor plans | 1,259 SF avg unit size
2002 Vintage
Avg In-Place Rent: $1,220
Someone will make a lot of money executing the strategy on this one. You'll be hard-pressed to find another property with this profile ...
Reach out to Drew Lekowski. 615-522-3973
Firefly Apartments with Expansion Opportunity
60 Existing Units | 14 Acres | 200+ Units of Development Upside
Market-Rate Townhome & Apartment Community
Strong Mark-to-Market Play | Rents ~$325 Below Market
2–3BR floor plans | 1,259 SF avg unit size
2002 Vintage
Avg In-Place Rent: $1,220
Someone will make a lot of money executing the strategy on this one. You'll be hard-pressed to find another property with this profile ...
Reach out to Drew Lekowski. 615-522-3973
Property Facts
| Sale Type | Investment | Lot Size | 19.06 AC |
| No. Units | 60 | Building Size | 73,540 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Garden | Year Built/Renovated | 2002/2025 |
| Building Class | B | Parking Ratio | 1.02/1,000 SF |
| Zoning | R2 | ||
| Sale Type | Investment |
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 19.06 AC |
| Building Size | 73,540 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 2002/2025 |
| Parking Ratio | 1.02/1,000 SF |
| Zoning | R2 |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 14 | - | 1,089 |
| 3+2 | 46 | - | 1,152 - 1,566 |
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 136M-N-003 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,803,578 CAD |
Property Taxes
Parcel Number
136M-N-003
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,803,578 CAD
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The Firefly | 1400 N Chamberlain Ave
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