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18 Blossom Ln - Liberty Place 16 Unit Apartment Building Offered at $4,237,482 CAD at a 5.18% 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 |
$257,904
|
$23.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$16,119
|
$1.46
|
| Effective Gross Income |
$241,785
|
$21.95
|
| Taxes |
$12,245
|
$1.11
|
| Operating Expenses |
$10,039
|
$0.91
|
| Total Expenses |
$22,284
|
$2.02
|
| Net Operating Income |
$219,502
|
$19.93
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $257,904 |
| Annual Per SF | $23.41 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $16,119 |
| Annual Per SF | $1.46 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $241,785 |
| Annual Per SF | $21.95 |
| Taxes (CAD) | |
|---|---|
| Annual | $12,245 |
| Annual Per SF | $1.11 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,039 |
| Annual Per SF | $0.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $22,284 |
| Annual Per SF | $2.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $219,502 |
| Annual Per SF | $19.93 |
Property Facts
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 | $841,819 CAD |
| Land Assessment | $64,476 CAD | Annual Taxes | $12,245 CAD ($1.11 CAD/SF) |
| Improvements Assessment | $777,343 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
00020-041
Land Assessment
$64,476 CAD
Improvements Assessment
$777,343 CAD
Total Assessment
$841,819 CAD
Annual Taxes
$12,245 CAD ($1.11 CAD/SF)
Tax Year
2025
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18 Blossom Ln - Liberty Place
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