Firefly Apartments + Unit Expansion Opportunity
Multifamily
Marketing description
New Chattanooga Opportunity Available!
Firefly Apartments with Expansion Opportunity
▲ 60 Existing Units | 14 Acres | 200+ Units of Development Upside
▲ Market-Rate Townhome & Apartment Community
💎 Strong Mark-to-Market Play | Rents ~$325 Below Market (Pulled out of the LIHTC Program in January)
▲ 2–3BR floor plans | 1,259 SF avg unit size
▲ 2002 Vintage
▲ Avg In-Place Rent: $1,220
Someone will make a lot of money executing the strategy on this one. You'll be hard-pressed to find another property with this profile ...
Reach out to Drew Lekowski for details. 615-522-3973
Investment highlights
▲ 60 Existing Units | 14 Acres | 200+ Units of Development Upside
▲ Market-Rate Townhome & Apartment Community
💎 Strong Mark-to-Market Play | Rents ~$325 Below Market
▲ 2–3BR floor plans | 1,259 SF avg unit size
▲ 2002 Vintage
▲ Avg In-Place Rent: $1,220
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