Multifamily/Workforce Housing Investment Opportunity
$3,980,000
405 Chickamauga Drive, Dayton, TN 37321
22,528 sqft
Building Size
2.17 acres
Lot Area
Details:
Highlights:
- - 22,528 SF newly built property
- - 31 modern, spacious and fully-furnished units
- - Zoned for Commercial - Hospitality use that allows for multifamily
- - Prime investment opportunity in the thriving Dayton area
- - Contemporary design and layout
- - Designed to meet the demand for quality residential accommodations
- - Successfully converted to workforce/multifamily housing with high occupancy
- - Versatile property for multifamily real estate investors
Description:
Presenting an exceptional investment opportunity in workforce housing/multifamily in Dayton, TN. This 22,528 SF property, originally built in 2021 as a hotel and converted to workforce/multifamily living in 2025, offers 31 units and is zoned for commercial-hospitality use. With its spacious layout and modern design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area.
The sale includes 1.4 acres and all construction plans for Phase II of the development. It would allow an investor to add 26 units if the units were constructed according to plan. If desired, plans can be modified to include more units and/or garages.
Situated in the heart of Dayton, TN, the surrounding area of the property offers a delightful mix of natural beauty and modern amenities. Just a short distance from the scenic Chickamauga Lake, residents can enjoy an array of waterside activities, including fishing and boating. The historic downtown district is close by, providing a charming selection of local shops, eateries, and cultural attractions. The property has been converted to accommodate both short- and long-term rentals. The property's close proximity to major highways and transportation centers makes it an ideal location for residential living. With its blend of scenic vistas and urban conveniences, this area presents a compelling opportunity for multifamily property investment.
Documents:
| Title | ||
|---|---|---|
| NEW_Offering_Memorandum__L_.pdf |
Location
Gallery