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618 E MARTIN LUTHER KING BLVD
CHATTANOOGA, TN 37403-4022
Asking Price
Contact for price
Asset Type
Student Housing Multifamily
Class
Class B
What's Special
1+ Acre Near UTC <p>The zoning allows for a wide range of uses and building heights of approximately 3 to 6 stories, offering significant flexibility for redevelopment. With both Chattanooga and UTC continuing to exceed growth expectations, this highly visible location is well-positioned for a transformative project, whether for student housing, multifamily, mixed-use, retail, or other commercial development.</p>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
