1808 Cowart StChattanooga, TN 37408

Property Details for 1808 Cowart St

Year built

1900

Lot size

0.29 AC

Property size (Sq ft)

7,368 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional redevelopment opportunity presents a 12-unit apartment building situated on a 0.29-acre lot in Chattanooga, Tennessee's vibrant Southside district. The property, located at 1808 Cowart St, zip code 37408, boasts 7,368 square feet across two stories in a single building constructed in 1900. Currently operating at 100% occupancy, this income-producing asset offers immediate cash flow while providing significant development potential. The property is zoned URA-3, allowing for various development options. Its prime location within the historic district places it near the city center, riverfront, and a state university, enhancing its appeal and value. Convenient interstate access within one mile further strengthens its strategic position. This package sale includes two parcels, surrounded by a mix of retail, office, and residential properties, reflecting the area's ongoing growth and redevelopment. The existing apartment complex provides a stable income stream during the initial phases of any future development project. Hamilton County tax records list the APN as 145K-N-017. The asking price for this unique investment is $4,631,900.

Location Insight

City

Chattanooga

County

Hamilton

State

Tennessee

Latitude

35.0343

Longitude

-85.3118

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