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614 E Main St 10 Unit Apartment Building $6,523,200 CAD ($652,320 CAD/Unit) Chattanooga, TN 37408
Investment Highlights
- 11 Units total – 8 residential rentals, 2 STVRs, & 1 Office space
- Highly desirable location for live/work/play
Executive Summary
• 11 Units total – 8 residential rentals, 2 STVRs, & 1 Office space
• Total renovation of a historic building including all new plumbing, electrical and mechanical.
• Highly desirable location for live/work/play
• Strategically situated on E Main Street, providing easy access to downtown Chattanooga and
major highways
• Easily accessible by public transportation, making it convenient for employees and clients
• Surrounded by a mix of thriving businesses, restaurants, and residential areas, contributing to
a bustling commercial environment
Income and expenses (see Offering Memoranda) are from Year (1) during the lease-up phase. Contact listing agent to discuss projected Income for 2025.
Call Listing Agent Jon Hughes to Schedule Appointments to Tour the Property. Listing Information is Provided by Owner and Public Sources and is Deemed Reliable but Not Guaranteed. Listing Agent Has Not Measured the Building / Land and Does Not Guarantee the Accuracy of the Number of Square Feet or Acreage. (Please DO NOT Contact or Speak with the Tenants.)
• Total renovation of a historic building including all new plumbing, electrical and mechanical.
• Highly desirable location for live/work/play
• Strategically situated on E Main Street, providing easy access to downtown Chattanooga and
major highways
• Easily accessible by public transportation, making it convenient for employees and clients
• Surrounded by a mix of thriving businesses, restaurants, and residential areas, contributing to
a bustling commercial environment
Income and expenses (see Offering Memoranda) are from Year (1) during the lease-up phase. Contact listing agent to discuss projected Income for 2025.
Call Listing Agent Jon Hughes to Schedule Appointments to Tour the Property. Listing Information is Provided by Owner and Public Sources and is Deemed Reliable but Not Guaranteed. Listing Agent Has Not Measured the Building / Land and Does Not Guarantee the Accuracy of the Number of Square Feet or Acreage. (Please DO NOT Contact or Speak with the Tenants.)
Property Facts
| Price | $6,523,200 CAD | Building Class | C |
| Price Per Unit | $652,320 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 13,950 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1890 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | C2 - Commercial | ||
| Price | $6,523,200 CAD |
| Price Per Unit | $652,320 CAD |
| Sale Type | Investment |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 13,950 SF |
| No. Stories | 2 |
| Year Built | 1890 |
| Opportunity Zone |
Yes |
| Zoning | C2 - Commercial |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Smoke Free
- Public Transportation
- Smoke Detector
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Property Taxes
| Parcel Number | 145L-J-017 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,260,445 CAD |
Property Taxes
Parcel Number
145L-J-017
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,260,445 CAD
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Presented by
Tower Property Group LLC
614 E Main St
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