University Flats

Investment Highlights

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.

Investment Summary

  • Status: Sold
  • Chattanooga, TN
  • Total Units: 15
  • Built: 2020
  • Occupancy: 100%
  • Average Market Rent: $950
  • Average Market Rent PSF: $1.58


Additional Info

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