Homes for sale - 6213 Walden AVE, Chattanooga, TN 37421

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,008 sqft

Price per Sqft $238

Subdivision Washington Park

MLS Listing ID 1513678

Bedrooms 3

Full Baths 2

Year Built 1995

Lot Size 6,969 Sqft

Property Sub-Type Single Family Residence

Property Description

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 main 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**

Location

State TN

County Hamilton

Area 0.16

Interior

Heating Central,Electric

Cooling Central Air,Electric

Flooring Luxury Vinyl

Inclusions -All furniture that is part of the furnished lease including living, dining, and bedrooms. -All appliances in kitchen including refrigerator.

Exterior

Exterior Feature Rain Gutters

Parking Features Driveway,Off Street

Garage Description Driveway, Off Street

Utilities Available Electricity Connected,Sewer Connected,Water Connected

Roof Type Asphalt,Shingle

Building

Lot Description Level

Story One

Foundation Block

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Bess T. Shepherd Elementary

Middle Schools Tyner Middle Academy

High Schools Tyner Academy

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Investor