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Listed by Jamie Brandenburg • Compass RE
$ 2,649,000
Est. payment | /mo
14,869 SqFt
$ 2,649,000
Est. payment | /mo
14,869 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 14,869 sqft
Price per Sqft $178
Subdivision Highland Park Addn N
MLS Listing ID 2694476
HOA Y/N No
Year Built 1960
Annual Tax Amount $2,362
Lot Dimensions 51.7X135
Property Description
This 16-unit rental portfolio (12 single family and 2 duplexes) offers a prime investment opportunity in the rapidly growing Chattanooga market. The portfolio includes a mix of properties, including two duplexes, all within a 10-mile radius and just 20 minutes from downtown Chattanooga. All units feature new siding, roofs, flooring, lighting, interior paint, and appliances. The properties are 100% occupied, some are Section 8 and others with potential to flip to Section 8 if desired, providing stable and reliable rental income. Located in areas experiencing strong appreciation, these properties are poised for future value growth. This portfolio is perfect for investors looking for a turnkey operation with strong cash flow and long-term appreciation potential. Occupancy status subject to change.
Location
State TN
County Hamilton County
Zoning Commercial
Interior
Heating Central
Cooling Central Air
Flooring Finished Wood, Laminate, Tile
Fireplace N
Exterior
Utilities Available Water Available
View Y/N true
View City
Private Pool false
Building
Story 1
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding,Wood Siding
New Construction false
Schools
Elementary Schools Orchard Knob Elementary School
Middle Schools Orchard Knob Middle School
High Schools The Howard School
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