Contact info

• 423-756-5700 [Office] 

Description

** PRICE RDUCED $46,000 ** 15 Unit Complex on 2.8 acres in desirable Hixson location. Surplus acreage is already Zoned R3 for future expansion. The Complex is one building, 3 Story, built in two phases (1981 and 1987) with a variety of unit layouts: (4) 1 Bed, 1 Bath at 580 sq ft each; (5) 2 bed , 1 bath at 823 sq ft each; (6) 2 bed, 2 bath at 1072 sq ft each. All units are single floor level and accessed from interior hallway. 12 units with Wash/Dry hookups. Each unit with independant, central HVAC. Some units with Natural Gas. 34 parking places in two lots which provide direct acces to units. One Year Leases in place. Average tenant move in year is 2008. 93% Occupied. Partial New Roof in 2012 with 5 year warranty on installation and 10 Year Warranty on materials. Additional new roofing installed in 2010. New Patio/Decks. Building price details: $699,000.

Property Details

• Building Name:Oak Apartments
• Type: Multifamily
• Use Types:Low-Rise/Garden
• Status: Available
• Year Built: 1987
• Year Renovated: 2000
• MSA: Chattanooga
• Zoning: R3
• Buildings: 1

Exterior Features

• Parking: Yes
• Parking Spaces: 34

Terms

• Cash to Seller 

Agent

Map Locations