$1,990,000
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6215 Walden Avenue Chattanooga, TN 37421
Other
Residence
Beds
Baths
...
Bed/Bath
1,520
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
Investor Opportunity - Six-Home Rental Portfolio $1,990,000 Turnkey rental portfolio of six single-family homes, fully leased and cash-flowing—offered as a package only. Five of the properties are brand-new construction featuring a popular 3 bed / 2.5 bath layout with the primary suite on the mai...n level, covered front porch, and spacious rear deck. Luxury vinyl plank flooring throughout, granite countertops, galley kitchen with modern open shelving and stainless appliances. These homes are located at: 6215 Walden Ave - $2,500/mo (Section 8) 6219 Walden Ave - $2,500/mo (Section 8) 6325 Talladega Ave - $2,500/mo (Section 8) 6401 Atlanta Ave - $2,250/mo, secured with a two-year lease 6321 Talladega Ave - $2,300/mo (Section 8) 6213 Walden Ave - $2,775/mo corporate lease The sixth property, 6213 Walden Ave, is a fully remodeled gem leased for $2,775/mo on a furnished corporate lease. Furniture to convey. Renovations include a new roof, new flooring, upgraded cabinetry, appliances, lighting, exterior paint, serviced HVAC, and added side deck for outdoor enjoyment. Total Gross Monthly Rent: $14,825 Total Gross Yearly Rent: $177,900 Insurance cost will depend on policyholder but current owner pays approximately $6k/yr. Seller's other expenses are property taxes and ONLY the corporate rental (6213 Walden Ave) includes lawn maintenance, 1 x per week cleaning at $75, and utilities. All five new construction units--the utilities and lawn maintenance are tenant's responsibility. Excellent Section 8 and corporate tenancy in place. All six homes are in strong rental corridors and have been professionally maintained. Owner will not divide package. A rare opportunity to own a stable, income-producing portfolio with minimal deferred maintenance and strong rental income. Properties will be shown once an accepted contract is in place. **Please do not disturb tenants**
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MLS#
1513677
Property Type
Other
Year Built
2024
Square Feet
1,520
sq. ft
Price per Sq. Ft.
$1,309.21
Lot Size
0.16
Stories
2.0
Sewer
Sewer Connected, Public Sewer
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