8787 James Creek Dr - Apartments FOR SALE


Ooltewah, TN 37363
$13,230,000 USD
865-603-9887
8787 James Creek Dr, Ooltewah, TN for Sale
$13,230,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

8787 James Creek Dr
Ooltewah, TN 37363


HIGHLIGHTS

  • 42 New Construction Townhomes
  • Individually Parceled
  • Class A Finishes
  • Located Near Major Employers, Retailers, and Schools

OVERVIEW

SVN | Wood Properties is proud to exclusively present James Creek Townhomes. These new construction, Class A units are being built by Turner Homes, one of East Tennessee's largest and most well-respected home builders. This offering includes 42 units, all of which are 1,464-SF townhomes that are 3 bedroom 2.5 bathrooms with a one-car garage. The units are all individually parceled, allowing an investor to either hold these as rentals or sell them individually. These units are part of a larger community known as James Creek. There is an HOA that is $60 per month, per unit, that covers all lawn care, landscaping, and common area maintenance. This community is located in Ooltewah, Tennessee, one of Chattanooga's fastest growing suburbs. These units are just a few minutes from Ooltewah Elementary, Middle, and High School. Major employers nearby include Volkswagen, Amazon, FedEx and many others. Many major retailers and restaurants are also located nearby. Downtown Chattanooga and the University of Tennessee Chattanooga are both less than 25 minutes away, making these units centrally located to all amenities and attractions that Chattanooga has to offer. The estimated monthly rent for these townhomes is $2,300 or more. Closings will take place in groups as the units are built and receive their COs.

FOR SALE DETAILS

PRICE

$13,230,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

42

PRICE/UNIT

$315,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

James Creek Townhomes

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

PARKING SPACES

29

LAND DETAILS

LAND ACRES

27.12 AC

LAND SF

1,181,439 SF

ZONING

-

APN/PARCEL ID

123-063

ASK ABOUT THIS PROPERTY

Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

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Cohl MorganSVN | Wood PropertiesMore Info
865-603-9887

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