$3,980,000
Dayton, TN 37321
MLS# 1334630
22528 sqft
1 / 12
Property 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.
Details
Location, Tax & Legal Info
Area: Rhea County - 42
City/County Code: City Limits
Total Tax: 26883.89
High School: Rhea County
Contract Info
Auction Y/N: No
Listing Price: 3980000
Current Price: $3,980,000
Status: Active
Listing Date: 2026-03-28
General Property Description
Lot Dimensions: IRR
Utilities/Mo Avg: 1850
Property Status: N/A
Driveway: Waterfront
SqFt - Total (Aprox): 22528
Number of Units: 31
Year Built: 2021
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: 1
Construction
Other: 1
Type of Units
Efficiency Unit: 1
2 Bedroom Unit: 1
Furnished: 1
Siding
Other: 1
Sale Includes
All Furnishings: 1
Building and Land: 1
Miscellaneous
Club House: 1
Coin Laundry: 1
Security System: 1
TV Cable Available: 1
Utility Room: 1
Cooling
Other: 1
Floors
Other: 1
Garage/Parking
Other: 1
Tenant Expenses
Other: 1
Owner Expenses
Other: 1
Fuel
Other Fuel: 1
Heat
Other: 1
Appliances
Other: 1
Other Rooms
Office: 1
Other: 1
Roof
Other: 1
Misc Features
Internet Available: 1
Other: 1
New Financing
Alternative: 1
Assumable: 1
Call Listing Agent: 1
Cash: 1
Conventional: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 405
Street Name: Chickamauga
St Suffix: Drive
State/Province: TN
Zip Code: 37321
PIN #: 090P C 00700 000
Geo Lat: 35.492323
Geo Lon: -85.007477
Status Change Info
Status Change Date: 2026-03-30
IncomeExpenses
Net Operating Income: 290839
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
IDX
Listing Office: NAI Koella l RM Moore
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.