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Liberty Place 18 Blossom Ln 16 Unit Apartment Building $3,230,488 CAD ($201,905 CAD/Unit) 6.51% Cap Rate Rossville, GA 30741
Investment Highlights
- 16-Unit 55+ Apartment Community
- Stable In-Place Cash Flow
- Multiple HVAC Replacements
- 94% Occupied with Immediate Upside
- Extensive Capital Improvements Through 2026
- Numerous Water Heater Upgrades
Executive Summary
16-Unit 55+ Apartment Community | 94% Occupied | Strong In-Place Cash Flow | Extensive Capital Improvements Through 2026 | Long-Term Ownership Since 2008 | 11,016 SF on 1.14 Acres | Stable Tenant Base | Chattanooga MSA Location | Multiple HVAC & Water Heater Replacements | Smoke-Free Community | Limited Deferred Maintenance | Value Preservation Asset | Growing Senior Housing Demand | Rossville, GA
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$256,192
|
$23.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,012
|
$1.45
|
| Effective Gross Income |
$240,180
|
$21.80
|
| Taxes |
$12,163
|
$1.10
|
| Operating Expenses |
$9,972
|
$0.91
|
| Total Expenses |
$22,136
|
$2.01
|
| Net Operating Income |
$218,044
|
$19.79
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $256,192 |
| Annual Per SF | $23.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,012 |
| Annual Per SF | $1.45 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $240,180 |
| Annual Per SF | $21.80 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,163 |
| Annual Per SF | $1.10 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $9,972 |
| Annual Per SF | $0.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,136 |
| Annual Per SF | $2.01 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $218,044 |
| Annual Per SF | $19.79 |
Property Facts
| Price | $3,230,488 CAD | Apartment Style | Garden |
| Price Per Unit | $201,905 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 1.11 AC |
| Cap Rate | 6.51% | Building Size | 11,016 SF |
| Gross Rent Multiplier | 16.42 | Average Occupancy | 94% |
| No. Units | 16 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 2004/2026 |
| Property Subtype | Apartment | Parking Ratio | 2/1,000 SF |
| Zoning | Commercial | ||
| Price | $3,230,488 CAD |
| Price Per Unit | $201,905 CAD |
| Sale Type | Investment |
| Cap Rate | 6.51% |
| Gross Rent Multiplier | 16.42 |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 11,016 SF |
| Average Occupancy | 94% |
| No. Stories | 1 |
| Year Built/Renovated | 2004/2026 |
| Parking Ratio | 2/1,000 SF |
| Zoning | Commercial |
Amenities
Site Amenities
- Laundry Facilities
- Wheelchair Accessible
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 00020-041 | Total Assessment | $837,681 CAD |
| Land Assessment | $64,159 CAD | Annual Taxes | $12,163 CAD ($1.10 CAD/SF) |
| Improvements Assessment | $773,522 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00020-041
Land Assessment
$64,159 CAD
Improvements Assessment
$773,522 CAD
Total Assessment
$837,681 CAD
Annual Taxes
$12,163 CAD ($1.10 CAD/SF)
Tax Year
2025
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Liberty Place | 18 Blossom Ln
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