$4,550,000 USD
404-445-1091
4905 Highway 58
Chattanooga, TN 37416
Kings Point-Lake Vista
HIGHLIGHTS
- Over 25% rental upside
- Stabilized occupancy and collections
- Significant capital improvements were made to the property leaving little to no deferred maintenance for a new owner
- An additional 2.04 acres of land have already been zoned to add 40 more units
- In-unit washer & dryer hookups, in-unit attic storage, and fenced in patios
- On-site office unit & storage shed
FOR SALE DETAILS
PRICE
$4,550,000 USD
PRICE/SF
$125 USD /SF
# OF UNITS
49
PRICE/UNIT
$92,857
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
BEVERLY APARTMENTS
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Garden
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1984
PARKING SPACES
-
LAND DETAILS
LAND ACRES
4.5 AC
LAND SF
196,020 SF
ZONING
MF
APN/PARCEL ID
120O-H-025
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404-445-1091
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404-445-1091
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