Multi-Family/Student Housing 924 E 8th St 25 Unit Dormitory £2,316,367 (£92,655/Unit) Chattanooga, TN 37403

This multi-family property is an opportunity to own a great investment in an ideal location. Located in a vibrant neighborhood, these two buildings are strategically positioned for maximum rental appeal. Located just steps away from the UTC campus, one block from the campus bus stop and close to restaurants and other amenities. With multiple units available, you can enjoy a steady stream of rental income while building equity. The property features modern amenities, spacious layouts, and a welcoming atmosphere for tenants. Both buildings have been completely updated in 2016 with new plumbing, HVAC, electrical, new drywall and many more updates. The original charm of the two units has been preserved in the original floors, stairs, finial and banister. The property is in the Opportunity Zone and as a bonus is zoned for short term vacation rental.
The first building has 18 bedrooms, large kitchen, laundry room with five washers and five dryers, open community living room, large 800sf conference/community hall, and two dorm style bathrooms with multiple sinks, showers and toilets. On the third floor is a one bedroom apartment complete with kitchen, bathroom, dining space and large living room. The second building has 6 bedrooms, large kitchen, living room, two bathrooms with multiple sinks, showers and toilets. Investing in this multi-family property means tapping into a growing market with increasing demand for rental housing.