BJ Can Help You Purchase This Unit

Thank you for choosing BJ Swinehart! As one of the Knoxville area's premier Real Estate Brokers, I am uniquely qualified to help you find the perfect property. On the lake, around town or out on a farm. Remember, BJ is here to help!

405 Chickamauga Drive, Dayton, 37321

Priced At: $3,980,000

Property Details for ID: 1334630



SqFt: 22,528
Price SqFt: $177
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2026-03-30T15:00:55Z

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.

Schools Information

Elementary School:
Middle / Junior School:
High School: Rhea County

Building Description

Year Built: 2021
SqFt (Total): 22,528
Sub-Type: Apartment
Sale Includes: All Furnishings, Building and Land
Unit Type(s): Efficiency Unit, 2 Bedroom Unit, Furnished

  Exterior Features

Construction: Other
Siding: Other

  Appliances

Other

  Room Dimensions

  Interior Features

Floors: Other
Other Rooms: Office, Other
Misc Features: Internet Available, Other

  Property Details

Utilities

Fuel Types: Other Fuel

Financing

Finance Options: Alternative, Assumable, Call Listing Agent, Cash, Conventional
Gross Annual Income: 463,429
Annual Operating Expenses: 172,589
Net Operating Income: 290,839

  HOA Information

Heating & Cooling

Cooling Type(s): Other
Heat Type(s): Other

Garage / Parking

Other

  Community Features

Outbuildings

Presented By: / NAI Koella l RM Moore

Up Coming Open Houses

Sorry, no open houses are currently available for this listing.

Directions

Chickamauga Dr



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Four Reasons to Use BJ Swinehart

Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!

Skilled Negotiator

I have taken advanced course work and have acquired valuable negotiation skills to provide you with the best outcome.

Buyers Network

Utilizing the very latest in lead generation and good old fashioned hard work, I already have a network of qualified purchasers looking for the right home or property.

Marketing Expertise

My marketing expertise will help to make sure that the pictures, public description and website distribution channels will draw potential buyers to your home.

International Experience

I am a Certified International Property Specialist and have worked with buyers and sellers from all over the world.



Re/max Preferred Properties is a licensed Tennessee Real Estate Firm. Firm License 209356. Some or all of the Listing Displayed on this Site may not belong to Re/max Preferred Properties. The data relating to real estate for sale on this website is being provided for the consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.