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21752 River Canyon RdChattanooga, TN 37405

22-unit multifamily, Tennessee Riverfront

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 22-unit multifamily property situated on 1.33 acres of prime waterfront land along the Tennessee River in Chattanooga, Tennessee. The property, comprised of two three-story buildings, boasts 19,432 square feet of net rentable space and currently enjoys 100% occupancy. Built in 1984 and renovated in 2000, the property features a mix of one- and two-bedroom units, all upgraded with modern amenities including fresh paint, luxury vinyl flooring, and granite countertops. Each unit includes in-unit washer/dryer hookups. The property benefits from a shared dock offering stunning river views, ample parking, and updated HVAC systems in many units. The property utilizes a well water and septic system and has high-speed cable services available. Zoned for commercial use, this meticulously maintained property offers significant potential for rental income growth, with a 2023 gross income of $452,530.82. This is a rare opportunity to acquire a well-established, high-performing multifamily asset in a desirable location, just minutes from downtown Chattanooga. The property is held under an LLC ownership and is offered for sale by owner, with no ground lease or broker co-op involved.

Highlights

  • 22-unit multifamily property on 1.33 acres of waterfront land in Chattanooga, TN.
  • 19,432 square feet of net rentable space, currently 100% occupied.
  • Mix of one- and two-bedroom units with modern amenities (luxury vinyl flooring, granite countertops, in-unit washer/dryer hookups).
  • Shared dock, ample parking, updated HVAC systems in many units.
  • Well water/septic system, high-speed cable available, zoned commercial.
  • 2023 gross income: $452,530.82; Offered for sale by owner, no ground lease or broker co-op.

Property Details for 21752 River Canyon Rd

Property type
Apartment buildings
Square Feet
19,432 SF
Class
B
Year Built/Renovated
1984/2000
Buildings
2
Stories
3
Lot Size (sq. ft)
57,935 SF
Units
22

Location Insight

City
Chattanooga
County
Marion
State
Tennessee
Latitude
35.1226194
Longitude
-85.3934878
21752 River Canyon Rd, Chattanooga, Tennessee

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21752 River Canyon Rd
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