26 Dolphin Ln - Apartments FOR SALE


Ringgold, GA 30736
$2,175,000 USD
423-710-7638
26 Dolphin Ln, Ringgold, GA for Sale
$2,175,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

26 Dolphin Ln
Ringgold, GA 30736


HIGHLIGHTS

  • 17 Unit Portfolio

OVERVIEW

Nestled in the heart of Ringgold, GA, 26 Dolphin Ln offers a unique blend of suburban tranquility and easy access to nearby urban amenities. Located just 15 miles southeast of Chattanooga, serving as the county seat for Catoosa County, Ringgold is a picturesque mountain town brimming with history. The town is home to one of the few antebellum railroad depots in Georgia, which played a crucial role during the Civil War. Today, the depot houses the Ringgold Opry, a popular venue for bluegrass performances. Ringgold is more than just a place to live—it's a community. Throughout the year, the town comes alive with events like the Ringgold Haunted Depot, Down Home Christmas, and the 1890s Day Jamboree. Local shops, cafes, galleries, offices, and restaurants line the historic downtown area in Ringgold, serving as a popular gathering place for the community. This investment's prime location to major transportation routes, dining, and shopping options provides tenants with a lifestyle that combines convenience and leisure. Economically, Ringgold has a local economy centered around retail shops, small businesses, and service-oriented establishments. However, it's close proximity to Chattanooga, TN amplifies its economic opportunities. Residents of Ringgold have the convenience of commuting to Chattanooga for cultural experiences, education and work, which attracts businesses, residents, and investors alike and ensures it will remain a desirable location for years to come. Over the past 5 years, the city has secured over $4 million in funding to implement multiple projects outlined in the 2017 RSVP created by UGA’s Carl Vinson Institute. The funds allocated include paved walking trails, pickle ball courts with additional parking, overall beautification to downtown with green space and “Depot Square”- which includes a commercial building renovation with retail spaces. As an investor, the desirability of this location and the continued development it offers make it a compelling choice for multifamily investment.

FOR SALE DETAILS

PRICE

$2,175,000 USD

PRICE/SF

$142 USD /SF

# OF UNITS

17

PRICE/UNIT

$127,941

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

26 Dolphin lane

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00670-016

ASK ABOUT THIS PROPERTY

Bianca PichardoSVN | Second Story Real Estate ManagementMore Info
423-710-7638

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Bianca PichardoSVN | Second Story Real Estate ManagementMore Info
423-710-7638

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