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Chattanooga 21 UNIT Residential Offering

12 Multifamily Properties Offered at $5,400,000 in Chattanooga, TN

Investment Highlights

  • New Construction
  • All Units Within 1 square mile in 37404
  • Great Urban Location

Executive Summary

Near the historic neighborhood of Highland Park and newly developed Milltown is a first time offering of 21 residential units in the city of Chattanooga. Each unit is minutes from the popular Southside District of Chattanooga. The seller is a highly reputed general contractor who built these units from 2015 to 2023 in the neighborhood of Ridgedale, just west of McCallie School and Dodds Avenue. The Ridgedale neighborhood is located between South Willow Street and Missionary Ridge, from McCallie Avenue to Main Street. Founded in 1887, and annexed into the city in 1913, Ridgedale is one of Chattanooga's oldest neighborhoods with a history rich in culture, commerce, and industry. Ridgedale is a burgeoning area with an active, involved community association.
Made of Hardie board with concrete slab foundations, the units were built to last and have been meticulously maintained. The portfolio consists of a 9 unit two-story apartment complex, one duplex and 10 single family houses. All of the units are within one square mile in zip code 37404. Please only contact David Barrueta for information related to the units as each unit is occupied by a tenant. Thank you in advance for not disturbing the tenants. (Portfolio's 9 unit apartment complex could be sold separately for $2.4m while the 10 houses and duplex could be sold for $3.0m)

Property Facts

Price $5,400,000
Price / SF $203.12 / SF
Sale Conditions
1031 Exchange
  • Bulk/Portfolio Sale
Sale Type Investment
Status Active
Number of Properties 12
Individually For Sale 0
Total Building Size 26,585 SF
Total Land Area 2.84 AC

Properties

Property Name / Address Property Type Size Year Built Individual Price
1225 Peachtree St, Chattanooga, TN 37404 Multifamily 1,976 SF 2023 -
1308 Buckley St, Chattanooga, TN 37404 Multifamily 1,344 SF 1930 -
1604 S Beech St, Chattanooga, TN 37404 Multifamily 1,200 SF 2017 -
2303 Union Ave, Chattanooga, TN 37404 Multifamily 1,127 SF 2017 -
2304 Union Ave, Chattanooga, TN 37404 Multifamily 1,598 SF 2023 -
2306 Union Ave, Chattanooga, TN 37404 Multifamily 800 SF 2016 -
2426 Chamberlain Ave, Chattanooga, TN 37404 Multifamily 800 SF 2015 -
2430 Chamberlain Ave, Chattanooga, TN 37404 Multifamily 800 SF 2015 -
2434 Chamberlain Ave, Chattanooga, TN 37404 Multifamily 800 SF 2015 -
2438 Chamberlain Ave, Chattanooga, TN 37404 Multifamily 800 SF 2015 -
2442 Chamberlain Ave, Chattanooga, TN 37404 Multifamily 800 SF 2015 -
2016 Chamberlain
2016 Chamberlain Ave, Chattanooga, TN 37404
Multifamily 14,540 SF 2016 -
Show More > < Show Less
  • Listing ID: 32542635

  • Date on Market: 7/22/2024

  • Last Updated:

  • Address: Chattanooga 21 UNIT Residential Offering, Chattanooga, TN

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