18 BLOSSOM LN ROSSVILLE GA 30741
16-Unit 55+ Apartment Community
Marketing description
Liberty Place Apartments presents a rare opportunity to acquire a well-maintained 16-unit age-restricted (55+) multifamily community located in Rossville, Georgia, just minutes from Downtown Chattanooga. Constructed in 2004 and situated on approximately 1.11 acres, the property consists of four residential buildings totaling approximately 11,016 square feet and offers investors stable in-place cash flow with long-term upside potential.
The property is currently 94% occupied and benefits from a strong operating history under the same ownership group since 2008. Ownership has consistently reinvested in the asset through an extensive capital improvement program, including numerous HVAC replacements, water heater upgrades, flooring improvements, interior renovations, electrical enhancements, appliance replacements, and ongoing preventative maintenance. Capital improvements have continued through 2026, resulting in a well-maintained asset with limited deferred maintenance.
Liberty Place operates as a smoke-free, no-pet community designed to serve the growing demand for affordable independent living options among the 55+ demographic. The property's location within the Chattanooga Metropolitan Area provides residents with convenient access to major healthcare providers, retail amenities, dining, pharmacies, grocery stores, and regional transportation corridors.
Supported by favorable demographic trends, increasing demand for senior housing, and continued population growth throughout Northwest Georgia and Southeast Tennessee, Liberty Place Apartments offers investors the opportunity to acquire a stabilized multifamily asset with durable demand drivers and proven ownership stewardship.
Investment highlights
• 16-Unit Age-Restricted (55+) Apartment Community
• 94% Occupied with immediate upside through lease-up of the remaining vacancy
• $950 Monthly Rental Rate providing stable and predictable cash flow
• Constructed in 2004 with four residential buildings totaling approximately 11,016 SF
• Situated on 1.14 Acres in the growing Rossville, Georgia submarket within the Chattanooga MSA
• Long-Term Ownership Since 2008 demonstrating exceptional stewardship and asset management
• Extensive Capital Improvements Completed Through 2026
• Numerous HVAC Replacements completed throughout the property
• Multiple Water Heater Replacements completed across various units
• Ongoing Interior Renovation Program including flooring, paint, ceiling fans, blinds, electrical upgrades, and appliance improvements
• Smoke-Free Community
• No-Pet Policy
• Professional Pest Control & Termite Prevention Program in place
• Minimal Deferred Maintenance due to consistent reinvestment and preventative maintenance
• Located minutes from Downtown Chattanooga, Fort Oglethorpe, major healthcare providers, retail amenities, and transportation corridors
• Positioned within a market experiencing continued growth in the 55+ population demographic
• Strong demand drivers supported by healthcare, manufacturing, logistics, and professional service employment sectors
• Attractive senior housing alternative offering affordability, independence, and convenient access to daily necessities
• Opportunity to benefit from continued population growth throughout the Chattanooga Metropolitan Area
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