4905 Highway 58 | Chattanooga, TN 37416
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- LoopNet Team
4905 Highway 58
Chattanooga, TN 37416
The Beverly Apartments · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- The Beverly Apartments are present to the market with over 25% rental upside.
- Significant capital improvements were made to the property leaving little to no deferred maintenance for a new owner.
- There are in-unit washer and dryer hookups and attic storage, plus fenced-in patios.
- This 49-unit complex retains stabilized occupancy and collections.
- An additional 2.04 acres of land have already been zoned to add 40 more units.
- There is a leasing office on-site and a storage shed.
PROPERTY FACTS
| No. Units | 48 | Lot Size | 4.50 AC |
| Property Type | Multifamily | Building Size | 36,475 SF |
| Property Subtype | Apartment | Average Occupancy | 92% |
| Apartment Style | Garden | No. Stories | 1 |
| Building Class | C | Year Built | 1984 |
| Zoning | MF | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.50 AC |
| Building Size | 36,475 SF |
| Average Occupancy | 92% |
| No. Stories | 1 |
| Year Built | 1984 |
| Zoning | MF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Patio
SITE AMENITIES
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Pet Play Area
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 600 |
| 2+1 | 16 | - | 864 |
| 2+2 | 16 | - | 864 |
PROPERTY TAXES
| Parcel Number | 120O-H-025 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,136,207 |
PROPERTY TAXES
Parcel Number
120O-H-025
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,136,207
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