615-522-3973
1400 N Chamberlain Ave, Chattanooga, TN for Sale
Apartments - FOR SALE
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1400 N Chamberlain Ave
Chattanooga, TN 37406
Amnicola-East Chattanooga


HIGHLIGHTS

  • Mark to Market Play with Rents $325 below market
  • 14 Acres for 200+ units of development expansion
  • 2002 Vintage
  • 94% occupancy
  • Exterior and Interior need minimal work

OVERVIEW

New Chattanooga Opportunity Available! Firefly Apartments with Expansion Opportunity 60 Existing Units | 14 Acres | 200+ Units of Development Upside Market-Rate Townhome & Apartment Community Strong Mark-to-Market Play | Rents ~$325 Below Market 2–3BR floor plans | 1,259 SF avg unit size 2002 Vintage Avg In-Place Rent: $1,220 Someone will make a lot of money executing the strategy on this one. You'll be hard-pressed to find another property with this profile ... Reach out to Drew Lekowski. 615-522-3973

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

60

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Firefly

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2002

PARKING SPACES

75

LAND DETAILS

LAND ACRES

19.06 AC

LAND SF

830,254 SF

ZONING

R2

APN/PARCEL ID

136M-N-003

ASK ABOUT THIS PROPERTY

Drew LekowskiMRG Realty PartnersMore Info
615-522-3973

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Drew LekowskiMRG Realty PartnersMore Info
615-522-3973

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