26 Dolphin Ln - Apartments FOR SALE


Ringgold, GA 30736
$1,995,000 USD
423-710-7638
26 Dolphin Ln, Ringgold, GA for Sale
$1,995,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

26 Dolphin Ln
Ringgold, GA 30736


HIGHLIGHTS

  • Prime location in the charming city of Ringgold, GA
  • Consistent rental income with established tenants and high occupancy rates
  • Just 23 minutes from Downtown Chattanooga and UTC
  • Fourteen units have been updated with LVP flooring, fresh paint, and updated trim
  • Current occupancy of 94% for a monthly income of $17,365
  • Current-adjusted NOI of $160k

OVERVIEW

SVN | Second Story is pleased to introduce this prime investment opportunity at 26 Dolphin Ln, located in the growing Ringgold, GA area. This property consists of 7 duplexes and 1 triplex, totaling 17 units, with 14 of the units updated. This property offers an attractive unit mix of spacious 2-bedroom units, which each unit thoughtfully designed to provide both functionality and comfort, featuring LVP flooring, fresh paint, and updated trim. The property offers ample parking and a desirable location with close proximity to schools, shopping, dining, and major transportation routes, making it primed to attract tenants looking for convenience and connectivity. The property offers close proximity to Downtown Chattanooga/Hamilton Place and remaining upside for the new owner. With strong tenant demand and continued growth in the region, this is an excellent opportunity for investors seeking a well-maintained, low-maintenance asset that attracts reliable, long-term tenants looking for a quality and affordable place to live. Don’t miss your chance to add this gem to your portfolio!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/SF

$116 USD /SF

# OF UNITS

17

PRICE/UNIT

$117,353

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

00670-016

ASK ABOUT THIS PROPERTY

Bianca PichardoSVN | Second Story Real Estate ManagementMore Info
423-710-7638

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Bianca PichardoSVN | Second Story Real Estate ManagementMore Info
423-710-7638

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