2 Killian Ave - Apartments FOR SALE


Trenton, GA 30752
$2,100,000 USD
615-973-5373
2 Killian Ave, Trenton, GA for Sale
$2,100,000 USD
Apartments - FOR SALE
1/52
null | 6.35% Cap Rate

2 Killian Ave
Trenton, GA 30752


HIGHLIGHTS

  • Rents are currently $127 below market rate
  • Opportunity to enhance tenant appeal and drive rent growth through strategic interior renovations
  • Located ~25 minutes from downtown Chattanooga, TN - providing easy access to major employment, education, and healthcare hubs
  • Trenton, GA benefits from Chattanooga’s population growth and housing demand spillover
  • On-site laundry facility
  • On-site community playground

OVERVIEW

Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/180354/mountain-shadow-apartments Marcus & Millichap has been selected to exclusively market for sale the Mountain Shadows Apartments in Trenton, GA. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in the Chattanooga MSA. Strategically located just 25 minutes from downtown Chattanooga, Mountain Shadows benefits from the economic vitality and population growth of one of the Southeast’s most dynamic midsized metros. With Chattanooga’s rental demand outpacing supply, this asset is well-positioned to capture consistent cash flow and long-term appreciation. Investors have the opportunity to acquire a stabilized property with operational upside in a growing market, supported by favorable demographic trends and a limited pipeline of comparable rental housing in the immediate area. 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 MOUNTAIN SHADOWS APARTMENTS.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$127 USD /SF

# OF UNITS

30

PRICE/UNIT

$70,000

CAP RATE

6.35%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mountain Shadows Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1987

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.36 AC

LAND SF

102,802 SF

ZONING

-

APN/PARCEL ID

T07-04-005-00

ASK ABOUT THIS PROPERTY

Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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Patrick CosgroveMarcus & MillichapMore Info
615-973-5373

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