110 St Clair Dr - Apartments FOR SALE


Dunlap, TN 37327
$2,300,000 USD
423-313-2178
110 St Clair Dr, Dunlap, TN for Sale
$2,300,000 USD
Apartments - FOR SALE
1/14
null | 8.87% Cap Rate

110 St Clair Dr
Dunlap, TN 37327


HIGHLIGHTS

  • Favorable Owner Financing Terms
  • All Brick and Concrete Construction with Metal Roofs
  • Managment already in Place
  • Located in the beautiful Sequatchie Valley 25 Minutes from Chattanooga
  • Room to go up on rents and some units are already at 1000 per month automatically deposited from SETHRA

OVERVIEW

28 Units total located in thriving Dunlap TN of the beautiful Sequatchie Valley 25min. to DT Chattanooga. Property located in the middle of town walking distance to restaurants, stores, New city park with water features for the kids, stage for live shows and Walmart. 2 units are used for office and grounds worker/storage. All one level units no steps,15-2 bedrooms 13-1 bedrooms. Rents range from 600 to 1000 per unit (much room for upside) Brick concrete block construction with metal roofs. Built as a hospital originally, Owner pays water and trash. Manager will stay on for 5% fee. Laundry mat is available on property. Owner will consider financing with 800K Down on a 30 year Amortization with a 20 year balloon @5.9%

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$101 USD /SF

# OF UNITS

28

PRICE/UNIT

$82,143

CAP RATE

8.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

**9% CAP OWNER FINANCING 800K ,BRICK,CONCRETE

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.9 AC

LAND SF

82,764 SF

ZONING

FLOOD

APN/PARCEL ID

047A-B-014.00

ASK ABOUT THIS PROPERTY

Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

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Ashley BrumleyKeller Williams CommercialMore Info
423-313-2178

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.