405 Chickamauga Drive, Dayton, TN 37321
New
$3,980,000
Property Type:
Multi-Family
Square Footage:
22,528
Status:
Active
Current Price:
$3,980,000
List Date:
3/30/2026
Last Modified:
3/30/2026
Overview
Description
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.
Listing Details MLS# 1334630
Location Tax Legal Info
- House #
- 405
- Street Name
- Chickamauga
- St Suffix
- Drive
- State/Province
- TN
- Zip Code
- 37321
- PIN #
- 090P C 00700 000
Contract Info
- Auction Y/N
- No
- Listing Price
- 3980000
General Property Description
- SqFt - Total (Aprox)
- 22528
- Lot Dimensions
- IRR
- Number of Units
- 31
- Utilities/Mo Avg
- 1850
- Year Built
- 2021
- Property Status
- N/A
- Driveway
- Waterfront
Status Change Info
- Status Change Date
- 2026-03-30
IncomeExpenses
- Net Operating Income
- 290839
Location, Tax & Legal Info
- Area
- Rhea County - 42
- City/County Code
- City Limits
- Total Tax
- 26883.89
- High School
- Rhea County
More Information
Remarks & Misc
- Directions
- Chickamauga Dr
- Public Remarks
- 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.
Income/Expenses
- Gross Annual Income
- 463429
- Annual Oper Expenses
- 172589
Property Sub-Type
- Apartment
- Yes
Construction
- Other
- Yes
Type of Units
- Efficiency Unit
- Yes
- 2 Bedroom Unit
- Yes
- Furnished
- Yes
Siding
- Other
- Yes
Sale Includes
- All Furnishings
- Yes
- Building and Land
- Yes
Miscellaneous
- Club House
- Yes
- Coin Laundry
- Yes
- Security System
- Yes
- TV Cable Available
- Yes
- Utility Room
- Yes
Cooling
- Other
- Yes
Floors
- Other
- Yes
Garage/Parking
- Other
- Yes
Tenant Expenses
- Other
- Yes
Owner Expenses
- Other
- Yes
Fuel
- Other Fuel
- Yes
Heat
- Other
- Yes
Appliances
- Other
- Yes
Other Rooms
- Office
- Yes
- Other
- Yes
Roof
- Other
- Yes
Misc Features
- Internet Available
- Yes
- Other
- Yes
New Financing
- Alternative
- Yes
- Assumable
- Yes
- Call Listing Agent
- Yes
- Cash
- Yes
- Conventional
- Yes
Showing
- See Agent Instructns
- Yes
Property Features
Property Sub-Type:
Apartment
Type of Units:
Efficiency Unit; 2 Bedroom Unit; Furnished
Sale Includes:
All Furnishings; Building and Land
Floors:
Other
Tenant Expenses:
Other
Owner Expenses:
Other
Fuel:
Other Fuel
Heat:
Other
Cooling:
Other
Appliances:
Other
Construction:
Other
Roof:
Other
Siding:
Other
Misc Features:
Internet Available; Other
Other Rooms:
Office; Other
Miscellaneous:
Club House; Coin Laundry; Security System; TV Cable Available; Utility Room
New Financing:
Alternative; Assumable; Call Listing Agent; Cash; Conventional
Showing:
See Agent Instructns
Listing Office:
NAI Koella l RM Moore
IDX
Office Phone: 865-531-6400
Last Updated: March - 30 - 2026
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use,
it may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing, and that the data is deemed reliable but
is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
