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Property profile & analytics
OFF-MARKET
Residential income homes

708 47Th St Chattanooga, TN 37410

Property ID
US80-0574187
Property summary
AI-generated overview

This exceptional Chattanooga investment opportunity presents a stabilized, seven-unit multifamily portfolio comprising four buildings. Located in Hamilton County, TN (zip code 37410, near downtown), this Class B property boasts a 100% occupancy rate, generating a substantial net operating income (NOI) of $65,000 annually, translating to a 9.29% cap rate. The portfolio includes a single-family home and three duplexes, strategically situated at 2107 Raulston Street, 2120 Citico Avenue, 708 W 47th Street, and 706 W 47th Street. Recently renovated, the units currently command market rents, totaling $7,200 per month. The asking price is $699,900, representing approximately $99,986 per unit. The sale is offered as-is, with a 15-day due diligence period, a $15,000 earnest money deposit, and a closing timeframe of 45 days or less. All showings are contingent upon an accepted contract

Property profile
Verified
Property type Residential income homes
UPID US80-0574187
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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