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4733 Calderwood Cir

5,105 SF Specialty Building Offered at $765,434 CAD at a 9.92% Cap Rate in Chattanooga, TN 37416

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Executive Summary

3 Residential Homes & 1 set of plans for 12-unit apartments valued at 50k: Rent all homes or live in one home and rent out the others to potentially cover ALL of your mortgage. This property has investment income with long-term commercial potential. 1.16 acres with flexible zoning capacity–commercial and residential potential. There is one 1,955 sq ft home which was updated in 2017; one 1,250 sq ft cinder block home that has multi-use capacity; one 1,500 sq ft double-wide home with some new updates; and engineering and architectural drawings worth 50k for a 12-unit building. Growing lake-side North Chattanooga zip code. Owner financing is possible. 7%-10% Cap rate. This is a gem for a small-business entrepreneur or investor.

Calderwood Development Pro Forma

Property Facts

Price	$765,434 CAD	Building Class	C
Price Per SF	$150 CAD	Lot Size	1.00 AC
Sale Type	Investment	Building Size	5,105 SF
Cap Rate	9.92%	No. Stories	1
Property Type	Specialty	Year Built/Renovated	1980/2019
Property Subtype	Residential Income Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park	Parking Ratio	2.15/1,000 SF

Price	$765,434 CAD
Price Per SF	$150 CAD
Sale Type	Investment
Cap Rate	9.92%
Property Type	Specialty
Property Subtype	Residential Income Multifamily Apartments Multifamily Manufactured Housing Mobile Home Park
Building Class	C
Lot Size	1.00 AC
Building Size	5,105 SF
No. Stories	1
Year Built/Renovated	1980/2019
Parking Ratio	2.15/1,000 SF