302 Guild Dr, Chattanooga, TN 37421
Commercial property for lease
- Description
- This sale includes nine (9) excellant single family houses in Chattanooga, TN area. The houses are in great shape in good neighborhoods with good school systems. The seller has spent about $185,000 refurbishing these houses over the last several years. Included in this listing are: Pictures, 3 years of rental history, location map, capital improvements list, 5-year cash flow projection. Upon acceptance of an offer copies of the leases will be available. The leases were written so as to minimize the maintenance by the owner. Tenants are responsible for the normal upkeep of their house includung the yard and minor maintenance. Please see the attahced 5-year financail projection that shows that this investment has a 8.22% Cap Rate and an Internal Rate of Return (IRR) of 21.17%. Building price details: $1,200,000.
- Exterior Features
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Parking Type: Surface - Contact info
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Robert Fisher423-664-1550 [Office]KW Commercial
- Note
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- Property Details
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Building Name: 9 Houses Property Type: Commercial (Other) Status: Available Price: $ 133,333 +/Unit Number of Stories: 2 MSA: Chattanooga Zoning: RESIDENTIAL Buildings: 9 Terms: Cash to Seller Added: 12/28/2013 Last Update: 12/30/2013