21752 River Canyon Rd Chattanooga, TN 37405
- Apartment buildings
- 19,432 SF
- 1.33 lot acres
Current Use by Public Records
- River Canyon Apartments / Apartment Complex
- Fresh Fields Ministry / Counselor
Property Details for 21752 River Canyon Rd
- Year built
- 1984
- Lot size
- 1.33 lot acres
- Property size
- 19,432 SF
- Property type
- Apartment buildings
Description
This exceptional investment opportunity presents a 22-unit multifamily property situated on 1.33 acres of prime waterfront land along the Tennessee River in Chattanooga, Tennessee. The property, comprised of two three-story buildings, boasts 19,432 square feet of net rentable space and currently enjoys 100% occupancy. Built in 1984 and renovated in 2000, the property features a mix of one- and two-bedroom units, all upgraded with modern amenities including fresh paint, luxury vinyl flooring, and granite countertops. Each unit includes in-unit washer/dryer hookups. The property benefits from a shared dock offering stunning river views, ample parking, and updated HVAC systems in many units. The property utilizes a well water and septic system and has high-speed cable services available. Zoned for commercial use, this meticulously maintained property offers significant potential for rental income growth, with a 2023 gross income of $452,530.82. This is a rare opportunity to acquire a well-established, high-performing multifamily asset in a desirable location, just minutes from downtown Chattanooga. The property is held under an LLC ownership and is offered for sale by owner, with no ground lease or broker co-op involved.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Chattanooga
- County
- Marion
- State
- Tennessee
- Longitude
- -85.3935
- Latitude
- 35.1226
