For Sale
$1,200,000
1400 Duncan Ave Chattanooga, TN 37404
7-Unit Chattanooga Multifamily Investment
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 134
Highlights
- Seven-unit multifamily portfolio in desirable Highland Park, Chattanooga, TN.
- 100% occupancy (as of October 11, 2024), strong NOI of $72,540, and 6.00% cap rate.
- 12,872 total square feet, 4,550 square feet net rentable space, priced at $240/SF; individual unit price: $171,429.
- Two-story building (1935 construction, renovated 2006) on a 14,343.75 SF lot with three parking spaces; commercial zoning.
- Located near UTC, Chattanooga Zoo, and other attractions; $130 monthly maintenance fee (includes building insurance); APN 146J J 008 C001.
- Owner-user opportunity, no ground lease.
Property Details for 1400 Duncan Ave
- Property type
- Residential income homes
- Square Feet
- 12,872 SF
- Year Built/Renovated
- 1935/18
- Buildings
- 1
- Stories
- 2
- Units
- 7
Location Insight
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.037363482493
- Longitude
- -85.282079427586
Nearby Similar for Sale
FAQs
- What type of property is this?
- Residential income home - 7-Unit Chattanooga Multifamily Investment
- Where is the residential income home located?
- The property is located at 1400 Duncan Ave Chattanooga, TN.
- What is the asking price?
- The asking price for this property is $1,200,000.
- What are key features of this property?
- This property features: Seven-unit multifamily portfolio in desirable Highland Park, Chattanooga, TN.; 100% occupancy (as of October 11, 2024), strong NOI of $72,540, and 6.00% cap rate.; 12,872 total square feet, 4,550 square feet net rentable space, priced at $240/SF; individual unit price: $171,429.
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