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.
MLS# | 2694476 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1960 |
Days On Site | 80 |
Listing Provided By | Compass RE | Jamie Brandenburg |
SQ Feet | 14,869 |
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Story(s) | 1 |
Units | 16 |
Zoning | Commercial |
Property View | Yes |
State | TN |
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County | Hamilton County |
City | Chattanooga |
Zip Code | 37404 |
Community Name | Highland Park Addn N |
School District | The Howard School |
Elementary School | Orchard Knob Elementary School |
Middle School | Orchard Knob Middle School |
High School | The Howard School |
Listing VS Median (in Highland Park Addn N) | |
Price: $2,649,000 low | high Med: $2,649,000 SqFt: 14,869 low | high Med: 14,869 $ / SqFt: $178 low | high Med: $178 On Site: 80 low | high Med: 80.000000 |