GoodHomes
Chattanooga
Property Overview
Location: 584 Pine Grove Access Road, Ringgold, GA
Units: 104
Acquired: April 2024
Completed: Acquired Complete
Casual Luxury steps from Chattanooga.
GoodHomes Chattanooga is a 104-unit apartment community located in Ringgold, GA, within the Chattanooga TN MSA. The property is a former hotel that the seller converted into multifamily workforce housing units under the supervision of the GoodHomes’ construction team. The property was delivered with a full certificate of occupancy in like-new condition after being fully gut-renovated, which allowed GoodHomes to begin leasing units immediately upon closing.
The community features studios, junior 1-beds, and large 1-bedroom units, and also offers furnished units. The main building features a tenant clubhouse & game room, business center & co-working lounge, pet washing station, laundry facilities, and fitness center. The property also has an outdoor pool, cabana, and community firepit.
Highlights:
Located in Ringgold, GA, a major suburb to Chattanooga, TN, which is one of the fasted growing employer bases in the U.S., with companies like Volkswagen and Amazon building new facilities in the area.
Conveniently positioned next to major highway I-75, half a mile from a new Amazon distribution center currently under development, and across the street from a brand new Costco center.
A new $100M+, 1.2M square foot logistics/distribution center (Cloud Springs I-75 Industrial Park) is being developed a mile away from the subject property, and is expected to create over 700 new jobs.