Highland Court Residential
1400 Duncan Avenue Chattanooga, TN 37404
1400 Duncan Avenue, Chattanooga, TN, 37404
$157,000
Pending
For Sale
$157,000
Pending
Residential units near University of Tennessee and Chattanooga Zoo.
Property Size564 SF
Lot Size0.32 Acres
Days on Market594
Property Features for 1400 Duncan Avenue
General Information
- Standard status
- Pending
- Size
- 564 SF
- Lot size
- 0.32 Acres
- Property subtype
- Condo/Townhome
Building Details
- Year Built
- 2006
Listing Agency
Coldwell Banker Kinard Commercial
(423) 599-5340
Listed by
Tate Trentham · License #338025
(423) 599-5340
Source
Exitrealty
Added: Dec 4, 2024 Updated: Jul 10 at 1:05 pm Checked: Jul 20 at 2:31 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Kinard Commercial
Investment Insights
Based on property information with market context.
Highland Court offers residential units with character and charm. A major renovation of the complex was completed in 2006. The monthly maintenance fee is $130, covering building insurance, security, and common area maintenance. The property is within walking distance of the University of Tennessee and steps from the Chattanooga Zoo, as well as other attractions in the metro area. The property size is 564 square feet.
Key Highlights
- Walking distance to the University of Tennessee.
- Steps from the Chattanooga Zoo and other metro attractions.
- Major renovation completed in 2006.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.6k | $17.04 |
| − Vacancy | −$577 | −$1.02 |
| EGI | $9.0k | $16.02 |
| − OpEx | −$4.1k | −$7.21 |
| NOI | $5.0k | $8.81 |
564 SF · lease $17.04/SF/yr · vacancy 6.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$71.0K
$62.1K – $82.8K
NOI $4,969 @ 7.0% cap · market cap 3.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$124.6K
$109.0K – $145.3K
NOI $8,719 @ 7.0% cap · market cap 5.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Residential income property - Residential units near University of Tennessee and Chattanooga Zoo.
Where is this residential income property located?
The property is located at 1400 Duncan Avenue Chattanooga, TN.
What is the asking price?
The asking price for this property is $157,000.
What are key features of this property?
This property features: Walking distance to the University of Tennessee.; Steps from the Chattanooga Zoo and other metro attractions.; Major renovation completed in 2006.
