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$ 3,980,000
Est. payment | /mo
22,528 SqFt
$ 3,980,000
Est. payment | /mo
22,528 SqFt
Key Details
Property Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 22,528 sqft
Price per Sqft $176
Subdivision Rhea County - 42
MLS Listing ID 1334630
Year Built 2021
Annual Tax Amount $26,883
Source East Tennessee REALTORS® MLS
Property Description
Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property,
originally built in 2021 as a hotel has been converted to workforce housing and has maintained high occupancy since conversion. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents.
The sale price includes all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If
desired, plans can be modified to include more units and/or garages.
originally built in 2021 as a hotel has been converted to workforce housing and has maintained high occupancy since conversion. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents.
The sale price includes all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If
desired, plans can be modified to include more units and/or garages.
Location
State TN
County Rhea County - 42
Area Rhea County - 42
Direction Chickamauga Dr
Interior
Heating Other
Cooling Other
Flooring Other
Exterior
Parking Features Other
Roof Type Other
Schools
High Schools Rhea County
Others
Acceptable Financing Call Listing Agent, Assumable, Alternative, Cash, Conventional
Listing Terms Call Listing Agent, Assumable, Alternative, Cash, Conventional
Listed by NAI Koella l RM Moore
NEARBY SCHOOL & BUSINESS
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Shawn Wilmoth, CCIM
Agent License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN 37922, United States