406 High Street

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406 High Street

Chattanooga, TN 37403
Asking Price
$1.58M
Cap Rate
6%
Asset Type
Multifamily
Class
Class B

What's Special

100% Leased // Mixed Use // Central Downtown <ul><li>​<strong style="color: rgba(0, 0, 0, 1)">Six income-producing units</strong></li><li>​<strong style="color: rgba(0, 0, 0, 1)">Flexible rental strategy:</strong><span style="color: rgba(0, 0, 0, 1)"> short-term, long-term, or mixed-use</span></li><li>​<strong style="color: rgba(0, 0, 0, 1)">Prime downtown Chattanooga location</strong></li><li>​<strong style="color: rgba(0, 0, 0, 1)">Strong appeal for Airbnb/short-term rental guests</strong></li><li>​<strong style="color: rgba(0, 0, 0, 1)"

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NOI
$80,000
Cap Rate
5.06%
DSCR
0.85
Underwater
Cash-on-Cash
-2.91%
Monthly Payment
$7,816.978
Annual Cash Flow
$-13,803.735

Location & Travel Times