16-unit multifamily investment opportunity in Ooltewah, Tennessee. Firefly Acres consists of two apartment buildings offering a mix of one- and two-bedroom units, with 94% occupancy and an established rental history. Units feature a combination of updates including LVT flooring, fresh paint, and washer/dryer hookups. The property provides an established income stream, with trailing 12-month total income of approximately $200,000. Additional upside exists through continued rent growth as leases renew and units turn, along with supplemental revenue from pet fees and other tenant charges. With 16 units concentrated in one location, Firefly Acres offers investors meaningful multifamily scale in the growing Ooltewah market. Financial statements, current rent roll, operating information, and additional due diligence materials are available to qualified buyers upon request. Please do not disturb tenants.
Ooltewah is located in Tennessee. Ooltewah, Tennessee has a population of 479. Ooltewah is less family-centric than the surrounding county with 21.33% of the households containing married families with children. The county average for households married with children is 27.75%.
The median household income for the surrounding county is $61,050 compared to the national median of $69,021. The median age of people living in Ooltewah is 73.4 years.
The average high temperature in July is 89.4 degrees, with an average low temperature in January of 28.8 degrees. The average rainfall is approximately 50.9 inches per year, with 1.4 inches of snow per year.
