615 Colville St - Apartments FOR SALE


Chattanooga, TN 37405- North Chattanooga-Hill City-UTC
$540,000 USD
423-280-1001
615 Colville St, Chattanooga, TN for Sale
$540,000 USD
Apartments - FOR SALE
1/11
null | 5.82% Cap Rate

615 Colville St
Chattanooga, TN 37405
North Chattanooga-Hill City-UTC


OVERVIEW

Northshore Triplex; Vintage home Refurbished; 15 minute walk or 4 minute drive to Frazier Ave; 1 minute walk to Forest Ave. ; 8 to 10 Private Parking Spaces; Colville is an excellent street/and friendly neighborhood. Homes on the street are artfully designed and full of character, making this property an excellent value for investors. Properties with these lease rates are rare in the area. Owner had Crawl Space Solutions Service Floor Joists and purchased a lifetime warranty which transfers to new owner at no cost. Also added Vapor Barrier, with assumable annual microbial contract transferable to new owner for $240 per year. Please do not disturb tenants. Suite C is available for viewing while vacant. Suite A and Suite B are occupied and can be viewed during due diligence. Current Lease Rates are: Suite A $1,100; Suite B $1,450; Suite C $915. Normal Park Elementary and Middle (K-8); Red Bank High School.

FOR SALE DETAILS

PRICE

$540,000 USD

PRICE/SF

$331 USD /SF

# OF UNITS

3

PRICE/UNIT

$180,000

CAP RATE

5.82%

% LEASED

67%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R3

APN/PARCEL ID

135D-K-035

ASK ABOUT THIS PROPERTY

Roy ArickKW CommercialMore Info
423-280-1001

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Roy ArickKW CommercialMore Info
423-280-1001

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