Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/169218/the-view-at-midtown
Marcus & Millichap has been selected to exclusively market for sale The View at Midtown in Chattanooga, TN. This offering will allow a potential investor to purchase a rare value-add opportunity located in the scenic city of Chattanooga, TN.
The View at Midtown offers a prime investment just 12 minutes from downtown Chattanooga, with significant upside potential through the opportunity to build 11 additional units on-site, utilizing existing infrastructure, including 7 water meters from a previous structure.
More than $250,000 in recent capital improvements have enhanced the property, including new roofs (2022-2023), updated windows, modernized A/C units, and select washer/dryer connections.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF THE VIEW AT MIDTOWN.