The View at Midtown | 3700 Cherryton Dr
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The View at Midtown 3700 Cherryton Dr
23 Unit Apartment Building For Sale Chattanooga, TN 37411
Investment Highlights
- Rents are currently $109 below market rate
- New roofs in 2022 and 2023
- More than $250,000 spent on capital improvements in the last 36-months
- 12-Minute (6.6 mile) drive from downtown Chattanooga
Executive Summary
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.
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.
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.
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.
Property Facts
| Sale Type | Investment | Building Class | C |
| No. Units | 23 | Lot Size | 1.47 AC |
| Property Type | Multifamily | Building Size | 17,350 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1971 |
| Sale Type | Investment |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 1.47 AC |
| Building Size | 17,350 SF |
| No. Stories | 2 |
| Year Built | 1971 |
Unit Amenities
- Air Conditioning
- Dishwasher
- Kitchen
- Oven
- Range
- Views
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 515 |
| 2+1 | 1 | - | 900 |
| 2+1.5 | 12 | - | 942 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $379,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$379,000
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The View at Midtown | 3700 Cherryton Dr
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