1100 Oak Street Apartments

Multi-Family for Sale
Catylist Listing ID: 30355397
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 5,252 SF
Gross Building Area: See Agent
Gross Land Area: 7,020 SF
Sale Price: $535,000
Unit Price: $133,750 Per Unit
Property Use Type: Net Leased Investment (NNN)
Building Name: Oak Street Apartments
Sale Terms: Cash to Seller
Cap Rate: 5.78%
Average Occupancy Rate: 975
Gross Rent Multiplier: 13.30
Last Updated: 1/3/2019

Overview / Comments

Built in 1910, this Four Unit Apartment Building has been very well maintained and updated while retaining it’s early century charm. Situated at the corner of Oak Street and ONeal Street, the property faces UTC's Athletic Complex fields and Historic Engel Stadium. All four units have a sitting area porch overlooking this view. On the rear, each unit has off street parking immediately adjacent to the building with walk up individual apartment entry. The building is located just one block off McCallie Avenue, and two blocks from Fortwood offering convenient access to downtown, UTC & Erlanger.

Subject Description: Lot 21 J N Trigg Plan as recorded in Plat Book 4 Page 29. Public record shows this is a 5252 square foot apartment building with four individual apartment units having approximately 1250 +/- square feet each. Each unit has 2 bdrms, 1 bath, laundry, and each has basement access offering individual storage areas. The property has been owned and managed by the same partnership since April of 1998, during which time these improvements made were: upgraded electrical wiring, fixtures, switches and outlets, upgraded plumbing and fixtures, new roofing, gutters and downspouts, new appliances installed, along with all regular maintenance as needed. In addition, each unit has a separate Alarm System, plus its own electric meter and gas meter and water service. Tenant pays their own utilities All four units have fireplaces with gas logs. Two of the units have two fireplaces. The property also contains private off street parking for the tenants.

Additional Details

Nearest MSA: Chattanooga
County: Hamilton
Taxing Authority: Hamilton County
Tax ID/APN: 146H G 017.01
Zoning: COMMERCIAL
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 2
Year Built: 1910
Year Renovated: 1999
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Parking Description: 58'x50' +/- paved parking lot.
Laundry: In Each Unit
Heat Type: Natural Gas
Heat Source: Central, Other
Interior Description: Built originally in 1910, this Four Unit Apartment Building has been very well maintained and updated while retaining it’s early century charm. Situated at the corner of Oak Street and ONeal Street, the property faces UTC's Athletic Complex fields and Historic Engel Stadium. All four units have a sitting area porch overlooking this view. On the rear, each unit has off street parking immediately adjacent to the building with walk up individual apartment entry. The building is located just one block off McCallie Avenue, and two blocks from Fortwood offering convenient access to downtown, UTC & Erlanger. Subject Description: Lot 21 J N Trigg Plan as recorded in Plat Book 4 Page 29. Public record shows this is a 5252 square foot apartment building with four individual apartment units having approximately 1250 +/- square feet each. Each unit has 2 bdrms, 1 bath, laundry, and each has basement access offering individual storage areas. The property has been owned and managed by the same partnership since April of 1998, during which time these improvements made were: upgraded electrical wiring, fixtures, switches and outlets, upgraded plumbing and fixtures, new roofing installation, gutters and downspouts, new appliances installed, along with all regular maintenance as needed. In addition, each unit has a separate Alarm System, plus its own electric meter and gas meter and water service. All four units have fireplaces with gas logs. Two of the units have two fireplaces. The property also contains private off street parking for the tenants.
Lot Frontage: 48.75
Lot Depth: 144
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 21 JN Trigg Plan as recorded in Plat Bk 4, Pg29

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 12,115 71,787 137,926
Median Age: 27.66 34.72 36.77
Households: 3,545 29,117 57,467
The information presented herein is provided as is, without warranty of any kind. Neither Greater Chattanooga REALTORS® nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.