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20910508
20910500

3 Overlook Trail, Rossville, GA 30741

PH
FL BK 3006237
$475,000
583 days on market
Updated 1 day ago

10 bdrm SFR profit center

Details
Property Type Multifamily, Special Purpose (+1)
Sub Type Apartment Building, Business and Building
Units 10
Cap Rate 18.00%
NOI $80,905
Occupancy 95%
Pro-Forma Cap Rate 18.00%
Pro-Forma NOI $80,905
Broker Co-Op Yes
Class B
Year Built 1978
Year Renovated 2002
Buildings 2
Stories 3
Acreage 1.010
Parking Spaces 16 spaces
Investment Type Stabilized
Ground Lease No
Ownership Private
Sale Condition For sale by owner

Proven business model with 18% CAP rate

Marketing description

The property boasts a 95% occupancy rate over the last 2 years, reflected in the atached OM, showing a high net and accurate expenses. Value-add (2) RV parking spaces and 10th unit in-service adds $1,000. beginning first month on top of the existing figures.

This spacious house, advertised through Airbnb, currently offers 10 bedrooms & 10 individual rentals. This proven business model has 2 yr+ financials with 95% occupancy. It contains 4.5 bathrooms, 2.5 kitchens, 2 living rooms, additional storage spaces, 2 RV hookups, and a large shed. It is being sold as a complete, turn-key venture, with all accompanying business assets and furnishings included. Several booked into 2027. Most thru 2026. This is not a driveby and deceiving from the street. Not dependant upon airbnb with PadSplit, FB, and other marketing as viable options to maintain or increase occupancy. Current success keeps owner using single source for now.

The owner is willing to stay on for the necessary transition. Most stays are long-term (2-5 months) with 28 days minimum needed to even find the listing. Some over 2 years.

Equipped with several automated features, including multiple floor cleaning robots, smart thermostats and Airbnb integrated front door entry, enhancing operational efficiency. Brand new central A/C unit installed. 2026.

Possible seller financing with the right buyer showing proof of funds willing to use. A 50% assumption, 30% down and 20% seller-held structure entertained. Please no "held in escrow"-100% CLTV LOI's.

Investment highlights

County limits Walker county GA (within MSA surrounding Chattanooga.)

High occupancy. Low expenses. High net income. Mgmt in place for transition.

Quiet dead-end street & 3 miles to all stores. Value add expansion.

Addt'l income day 1 with RV hook-ups and 10th unit in service.

Bunker. Shed. 1 acre. Parking for 16.

Listing Contacts

PH
FL BK 3006237

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$80,905.00
$6,742.08/mo

Valuation Metrics

0
DSCR
17.03%
Cap Rate
17.03%
ROI

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