42 Unit apartment complex for sale (Ft. Oglethorpe, GA for sale in Chattanooga, Tennessee

42 Unit apartment complex for sale (Ft. Oglethorpe, GA)
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Category:  Commercial properties

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Address:  ChattanoogaTennessee

KW Commercial
Stewart Phillips - (423) 600-9080
Multifamily Property For Sale
Hillcrest Apartments
101 Woodcreek Drive, Fort Oglethorpe, GA 30742
Price:
$1,150,000
No. Units:
42
Price/Unit:
$27,380.95
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
11%
Occupancy:
95%
No. Stories:
2
Lot Size:
4 AC
Last Verified 10/18/2011
Listing ID 17290152
Map of 101 Woodcreek Drive, Fort Oglethorpe, GA 30742 (Catoosa County)
Find out more about 101 Woodcreek Drive, Fort Oglethorpe
Highlights
Lease Purchase available.
Description
32 (2) bedrooms and 10 (1) bedrooms. On 4 beatiful acres. Nice location close to Ft. Oglethorpe and downtown Chattanooga. Lots of renovations and great occupancy. Manager has been there for 6 years. Apartments have their own website. Building A has a new roof in February of 2011. Building B is Brand new due to a fire in 2009. Total rehab. Building C everything remodeled in 2002. Building D a new roof and rafters were put on in April of 2011. Building D had a new rubber roof put on in 2007.
Great location 15 minutes to downtown Chattanooga and just a few minutes from Ft. Oglethorpe. Not technically in Ft. Oglethorpe but less than a mile from it. Owner has played an active role in managing the property. Owner will consider a lease purchase!! Owner financing. Also there is a local bank that is willing to finance it to qualified buyer (FNB Bank, Bryan )
Financial Summary
 
Actual
Net Operating Income
$129,675
KW Commercial
Stewart Phillips - (423) 600-9080
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness.
 
LoopNet Commercial Real Estate
CJ6DL9M
101 Woodcreek Drive (google map) (yahoo map)
Location: Ft. Oglethorpe, GA

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