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4509 Kellys Ferry Rd is amulti-family property for lease in Chattanooga, TN. The property currently has 1 multi-family space for lease and is marketed by KW Commercial.
Subject property features a 51 acre mobile home park in Lookout Valley, located just 6 miles outside downtown Chattanooga. There are currently 40 existing trailers sites, 16 of which are occupied. Great potential for future expansion. Current owner had land re-zoned to allow a total of 100 trailer sites on property (See Trailer Plat Map in Attachments).
Nestled between Raccoon Mtn., Elder Mtn. and Lookout Mtn, Lookout Valley offers scenic views in a country setting while remaining less than 10 minutes outside downtown Chattanooga. Subject is accessed via Exit 11, which experiences high traffic volume from its proximity to the highway interchange and major interstate splits nearby. Subject is located in a densely populated retail area.
Perfect opportunity for investor seeking land with growth capability and significant upside but does not require heavy involvement in property management. Tenants provide trailer and pay $175.00/month for the site. Also, Tenants pay for their own site's water and electricity -- individual hookups provided for each plat. ( See attached financial overview for income potential and current expenses).
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- Joseph V Williams, agent and Rofo Pro