Rise at Signal Mountain

Asset Type

Residential

Address
1185 Mountain Creek Rd Chattanooga, TN United States 37405-1637
Asking Price

Contact for pricing

Sq Footage

236,530

Year Built

1986

Cap Rate

N/A

Additional Attributes

Property Description

Community Features

One Resort-Style Swimming Pool

Business Center

State-of-the-Art Fitness Center

Convenient Car Wash and Vacuum

Center

Resident Picnic Area with Fire Pit and

Grills

Fully Equipped Laundry Facilities

Unit Interior Features

Washer/Dryers*

Pass-Through Bars in Kitchens

Walk-In Closets

Large Private Balconies with Storage

Fireplaces*

Vaulted Ceilings*

Ceiling Fans

Fully-Equipped Gourmet Kitchens

Tile and Caste Iron Surrounds in

Baths*

* In Select Units

Investment Highlights

  • Outstanding Value-Add Opportunity
    • Next owner has the chance to renovate the entire property, achieving an average of $165/month premiums
    • Value-Add to generate $480,000 additional revenue
    • Become luxury value-provider for submarket​​​​​​​​​​​​​​
  • Robust North River Submarket Fundamentals
    • Projected Rent Growth: 21% over the next 5-years
    • Historical rent Growth: 14.4% since 2016, with 3.6% YoY growth
  • North River: Attracting Millennials Seeking a Balanced Lifestyle
    • Millennials are seeking out the suburbs, as shown by dynamic population growth of 21% over the last 10 years
    • Beautifully situated on the Tennessee River and the foothills of the Appalachian Mountains, Chattanooga's most eclectic neighborhood offers the best in local dining, shopping and living
    • North River has plenty to offer, with a brand new Whole Foods, trendy coffee shops like Revelator Coffee Company, and SoHo boutique shops Willa Collection and Embellish
  • Minutes to Upscale Retail, CBD Jobs, Outdoor Entertainment
    • Within 10 minutes of Chattanooga's top 3 employers: BlueCross BlueShield, Erlanger Health Systems, and Tennessee Valley Authority
    • Main thoroughfares Dayton Boulevard and U.S. 27 provide quick access to a plethora of outdoor adventure, trendy restaurants, live events, art and world-class attractions
  • Gig City: A Flourishing Technological Ecosystem
    • The city's gigabit-per-second fiber network, "The Gig", boasts one of the Nation's fastest internet services
    • $2 Billion generated in startup exits over the last 5 years


Listing Contacts
Sarah Steere
Manager, Market Operations
+65 3159 4021
Peter Chacon
Vice President
+65 3159 4021
Interested in this property?

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.