Description
Nicole Villas is a fully occupied multifamily property located at 26 Nicole Lane in Ringgold, Georgia. The community consists of a total of twenty residential units spread across five separate buildings, with four units in each building. Unit mix includes sixteen one-bedroom, one-bathroom units and four two-bedroom, one-bathroom units. The property sits on approximately five acres, offering a rare combination of scale, privacy, and future expansion potential, subject to zoning and approvals. Sixteen of the existing units have been updated, enhancing overall quality, tenant appeal, and long-term durability. The remaining units provide an opportunity for continued improvements over time, allowing a new owner to further elevate the community while maintaining stable occupancy and income. Nicole Villas benefits from a strong tenant base and professional management, resulting in predictable operations and a well-maintained community. The property is positioned as a stabilized, turnkey investment with limited near-term capital expenditure requirements. In addition to solid in-place performance, the expansive acreage offers meaningful long-term upside. The excess land provides flexibility for potential future unit additions or alternative development strategies, making this an especially compelling opportunity for investors seeking both stability and growth. Nicole Villas represents a rare chance to acquire a stabilized multifamily asset with updated units, multiple buildings, land upside, and a clear path for continued value creation in the Ringgold market.
Details
| MLS # | 1527308 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1980 |
| Days On Site | 277 |
| Listing Provided By | Real Estate Partners Chattanooga LLC | Gregory Depasquale |
Features
| Bed(s) | 25 |
|---|---|
| Bath(s) | 22 |
| SQ Feet | 13,120 |
| Units | 20 |
| Acreage | 5.00 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Parking
| Parking Features | Asphalt, Driveway, Off Street, On Street |
|---|
Utilities
| Sewer | Septic Tank |
|---|---|
| Water Source | Public |
Location
| Senior Community Yes / No | No |
|---|
Taxes
| Tax Annual Amount | 11662.5 |
|---|---|
| Tax Legal Description | PT LL 79 28/3 NICOLE VILLA APTS LANDLOT: 79 LANDDIST: 28 |
Area Information
| State | GA |
|---|---|
| County | Catoosa |
| City | Ringgold |
| Zip Code | 30736 |
| Area | Catoosa |
| School District | Ringgold High School |
| Elementary School | Graysville Elementary School |
| High School | Ringgold High School |
| Listing VS Median (in 30736) | |
Price: $1,800,000 low | high Med: $361,450 sqft: 13,120 low | high Med: 1,992 $ / sqft: $137 low | high Med: $183 On site: 277 low | high Med: 156.5 | |
Market Activity 30736
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Learn More About This Property
| State | GA |
|---|---|
| County | Catoosa |
| City | Ringgold |
| Zip Code | 30736 |
| Area | Catoosa |
| School District | Ringgold High School |
| Elementary School | Graysville Elementary School |
| High School | Ringgold High School |
| Listing VS Median (in 30736) | |
Price: $1,800,000 low | high Med: $361,450 sqft: 13,120 low | high Med: 1,992 $ / sqft: $137 low | high Med: $183 On site: 277 low | high Med: 156.5 | |