A+ Location Adjacent to UTC
University Flats borders the University of Tennessee at Chattanooga, which has an enrollment of nearly 12,000 students and over 2,250 employees. It is also just a few blocks away from the heart of Downtown Chattanooga (35,000 jobs in CBD), and highly walkable to numerous coffee shops, breweries, restaurants, and retail outlets.
Primed for $200+ Rent Increases
Just a year old, the property is 100% occupied and is primed for rent growth; with in-place rents $200+ below comparable one-bedroom units.
New Construction with High-End Finishes
University Flats features pristine units with luxury vinyl plank flooring, granite countertops, stainless steel appliances, shaker style cabinets with full extension drawers, washers and dryers, walk-in closets, and either private balconies or front porches. These finishes are attractive to residents and require minimal upkeep.
Outstanding Market Fundamentals
Chattanooga witnessed 9.1% rent growth over the past 12 months, the highest in over 20 years, while maintaining strong demand with just 5.77% vacancy.