405 Chickamauga Dr Dayton, TN 37321
Estimated payment $23,674/month
Highlights
- Clubhouse
- Home Office
- Home Security System
- Furnished
- Cooling Available
- Utility Room
About This Home
Presenting an exceptional opportunity for workforce housing investment in Dayton, TN. This 22,528 SF property,
originally built in 2021 as a hotel has been converted to workforce housing and has maintained high occupancy since conversion. With its efficient layout and design, this property is well-suited for meeting the demand for affordable workforce housing in the Dayton area. The garages offer an additional sense of security and storage for the residents. The sale price includes all construction plans for Phase II of the development. If constructed according to plan, it would allow an investor to add 26 units. If
desired, plans can be modified to include more units and/or garages.
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $26,884
Year Built
- Built in 2021
Interior Spaces
- 22,528 Sq Ft Home
- Furnished
- Home Office
- Utility Room
- Home Security System
Schools
- Rhea County High School
Utilities
- Cooling Available
- Heating Available
- Internet Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 090P C 00700 000
Community Details
Overview
- 31 Units
Amenities
- Clubhouse
- Coin Laundry
Building Details
- Operating Expense $172,589
- Net Operating Income $290,839
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | -- | $1,228,360 | $61,800 | $1,166,560 |
| 2024 | -- | $1,313,760 | $61,800 | $1,251,960 |
| 2023 | $25,358 | $822,040 | $54,920 | $767,120 |
| 2022 | $23,303 | $822,040 | $54,920 | $767,120 |
| 2021 | $19,105 | $822,040 | $54,920 | $767,120 |
| 2020 | $1,238 | $54,920 | $54,920 | $0 |
| 2019 | $1,555 | $54,920 | $54,920 | $0 |
| 2018 | $1,546 | $54,480 | $54,480 | $0 |
| 2017 | $1,491 | $54,480 | $54,480 | $0 |
| 2016 | $1,461 | $54,480 | $54,480 | $0 |
| 2015 | $1,406 | $54,480 | $54,480 | $0 |
| 2014 | $1,142 | $54,480 | $54,480 | $0 |
| 2013 | -- | $54,480 | $54,480 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/30/2026 03/30/26 | For Sale | $3,980,000 | +961.3% | $177 / Sq Ft | |
| 04/01/2019 04/01/19 | Sold | $375,000 | -- | -- | View Prior Sale |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Title Insurance Company | |
| Warranty Deed | $375,000 | None Available | |
| Deed | $200,000 | -- | |
| Deed | -- | -- | |
| Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,500,000 | Commercial |
Source: East Tennessee REALTORS® MLS
MLS Number: 1334630
APN: 090P-C-007.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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Ask me questions while you tour the home.