708 47Th StChattanooga, TN 37410
- Residential income homes
Property Details for 708 47Th St
- Property type
- Residential income homes
Description
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
Location Insight
- City
- Chattanooga
- County
- Hamilton
- State
- Tennessee
- Latitude
- 35.0014
- Longitude
- -85.3214
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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