For Sale
$699,900

708 47Th StChattanooga, TN 37410

Turnkey Multifamily Investment, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Chattanooga investment opportunity presents a stabilized, seven-unit multifamily portfolio comprising four buildings. Located in Hamilton County, TN (zip code 37410, near downtown), this Class B property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $65,000 annually, translating to a 9.29% cap rate. The portfolio includes a single-family home and three duplexes, strategically situated at 2107 Raulston Street, 2120 Citico Avenue, 708 W 47th Street, and 706 W 47th Street. Recently renovated, the units currently command market rents, totaling $7,200 per month. The asking price is $699,900, representing approximately $99,986 per unit. The sale is offered as-is, with a 15-day due diligence period, a $15,000 earnest money deposit, and a closing timeframe of 45 days or less. All showings are contingent upon an accepted contract

Highlights

  • Seven-unit multifamily portfolio in Chattanooga, TN, near downtown, offering a 9.29% cap rate and $65,000 annual NOI.
  • Asking price: $699,900, approximately $99,986 per unit.
  • 15-day due diligence period, $15,000 earnest money deposit, and closing within 45 days.
  • Property is sold as-is.
  • Buyer's commission to be added to the purchase price.

Property Details for 708 47Th St

Property type
Residential income homes
Class
B
Buildings
4
Units
7

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.0013602
Longitude
-85.3213558
708 47Th St, Chattanooga, Tennessee

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
708 47Th St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message