614 E Main St - Apartments FOR SALE


Chattanooga, TN 37408- Southside
$4,800,000 USD
423-432-2990
614 E Main St, Chattanooga, TN for Sale
$4,800,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

614 E Main St
Chattanooga, TN 37408
Southside


HIGHLIGHTS

  • 11 Units total – 8 residential rentals, 2 STVRs, & 1 Office space
  • Highly desirable location for live/work/play

OVERVIEW

• 11 Units total – 8 residential rentals, 2 STVRs, & 1 Office space • Total renovation of a historic building including all new plumbing, electrical and mechanical. • Highly desirable location for live/work/play • Strategically situated on E Main Street, providing easy access to downtown Chattanooga and major highways • Easily accessible by public transportation, making it convenient for employees and clients • Surrounded by a mix of thriving businesses, restaurants, and residential areas, contributing to a bustling commercial environment Income and expenses (see Offering Memoranda) are from Year (1) during the lease-up phase. Contact listing agent to discuss projected Income for 2025. Call Listing Agent Jon Hughes to Schedule Appointments to Tour the Property. Listing Information is Provided by Owner and Public Sources and is Deemed Reliable but Not Guaranteed. Listing Agent Has Not Measured the Building / Land and Does Not Guarantee the Accuracy of the Number of Square Feet or Acreage. (Please DO NOT Contact or Speak with the Tenants.)

FOR SALE DETAILS

PRICE

$4,800,000 USD

PRICE/SF

$344 USD /SF

# OF UNITS

10

PRICE/UNIT

$480,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1890

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,087 SF

ZONING

C2

APN/PARCEL ID

145L-J-017

ASK ABOUT THIS PROPERTY

Jon HughesTower Property Group LLCMore Info
423-432-2990

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Jon HughesTower Property Group LLCMore Info
423-432-2990

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