25 Beds
22 Baths
13,120 SqFt
25 Beds
22 Baths
13,120 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,120 sqft
Price per Sqft $137
MLS Listing ID 1527308
Bedrooms 25
Year Built 1980
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Multi Family
Source Greater Chattanooga REALTORS®
Property Description
Sixteen of the existing units have been updated, enhancing overall quality, tenant appeal, and long-term durability. The remaining units provide an opportunity for continued improvements over time, allowing a new owner to further elevate the community while maintaining stable occupancy and income.
Nicole Villas benefits from a strong tenant base and professional management, resulting in predictable operations and a well-maintained community. The property is positioned as a stabilized, turnkey investment with limited near-term capital expenditure requirements.
In addition to solid in-place performance, the expansive acreage offers meaningful long-term upside. The excess land provides flexibility for potential future unit additions or alternative development strategies, making this an especially compelling opportunity for investors seeking both stability and growth.
Nicole Villas represents a rare chance to acquire a stabilized multifamily asset with updated units, multiple buildings, land upside, and a clear path for continued value creation in the Ringgold market.
Location
State GA
County Catoosa
Area 5.0
Interior
Cooling Central Air
Fireplace No
Exterior
Parking Features Asphalt, Driveway, Off Street, On Street
Garage Description Asphalt, Driveway, Off Street, On Street
Garage No
Building
Faces From I-75, take Exit 348 (Ringgold / Battlefield Parkway). Turn east onto Battlefield Parkway and continue for approximately 1.5 miles. Turn right onto General Lee Road and continue for about 1 mile. Turn left onto Nicole Lane. The property, Nicole Villas at 26 Nicole Lane, will be straight ahead.
Sewer Septic Tank
Water Public
Schools
Elementary Schools Graysville Elementary School
Middle Schools Ringgold Middle
High Schools Ringgold High School
Others
Senior Community No
Tax ID 0036a-075
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Schools and Properties Nearby
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