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1802 Hamill Road
Hixson, TN 37343
Asking Price
$2.55M
Cap Rate
6.58%
Asset Type
Apartment Building Multifamily
Class
Class B
What's Special
22-Unit Value-Add Multifamily Investment Opportunity in Chattanooga, TN <ul><li>Well‑located 22‑unit multifamily asset in Hixson, a core Chattanooga submarket, offering access to major employment centers, retail corridors, and downtown Chattanooga while benefiting from a strong residential renter base</li><li>Built in 1988 and situated on a 1.25‑acre site with garden‑style construction</li><li>Roofs were replaced in 2025, materially reducing near‑term capital requirements</li><li>11 units have been renovated, including 6 completed within the past 18 months, prov
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NOI
$80,000
Cap Rate
3.14%
DSCR
0.53
Underwater
Cash-on-Cash
-9.33%
Monthly Payment
$12,616.009
Annual Cash Flow
$-71,392.104