201 Lancaster Ave - Multi-Family FOR SALE


Chattanooga, TN 37415- Red Bank
$550,000 USD
423-667-6204
201 Lancaster Ave, Chattanooga, TN for Sale
$550,000 USD
Multi-Family - FOR SALE
1/9
null | Request Cap Rate

201 Lancaster Ave
Chattanooga, TN 37415
Red Bank


OVERVIEW

This property sits at the corner of Lancaster Avenue and Elmore Avenue in Red Bank. The mostly brick quad has 1-two bedroom apartment and 3-one bedroom apartments. Monthly rent totals $3,200. Each unit is separately metered for electricity. The owner pays the water, which currently runs less than $40/month. Three units are in one building and the fourth unit is in a stand alone building. The building is fully leased. The property has an in-house laundry, but the owner does not utilize that feature. Well maintained property and would be a great opportunity for an investor.

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$273 USD /SF

# OF UNITS

4

PRICE/UNIT

$137,500

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Leased Quad in Chattanooga

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

Residential

APN/PARCEL ID

117E-H-014

ASK ABOUT THIS PROPERTY

Joe PlevaKW CommercialMore Info
423-667-6204

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Joe PlevaKW CommercialMore Info
423-667-6204

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