Calvary Park Apartments For Sale

Highlights:

• Around 11% rental upside Strong occupancy and collec
• Strong occupancy and collections
• Attractive unit mix of large townhome style 2BR units
• Close proximity to major grocers and restaurants
• 8 out of 16 units are fully renovated
• 20 minutes away from downtown Chattanooga
• Average household income of $56,428 within 1 mile
• Washer & dryer connections in all units

Description:

Matthews Real Estate Investment Services is pleased to present this offering of Calvary Park Apartments located in Fort Oglethorpe, GA. The property offers spacious 2-bedroom units, half of which have been recently renovated, with ample onsite parking, close proximity to Chattanooga, and remaining rental upside for a new owner. This is a great opportunity for investors seeking a property with low deferred maintenance costs that attracts the ideal tenants looking for the best, affordable place to live.

Fort Oglethorpe is poised for great long-term appreciation and rent growth as the city continues to grow in popularity. The property sits just north of Chickamauga and Chattanooga National Military Park in the Fort Oglethorpe multifamily submarket of Chattanooga. It has convenient access to US Highway 27 and is only a short drive from Walmart, Chick-fil-A, Home Depot, and many others. Those locational benefits, along with large townhome-style units, make this a highly attractive rental option for those working at one of the many nearby major economic drivers.

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