6215 Walden AVE Chattanooga, TN 37421
1,520 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $1,309
Subdivision Washington Park
MLS Listing ID 1513677
Year Built 2024
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50X140
Property Sub-Type Multi Family
Source Greater Chattanooga REALTORS®
Property Description
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
Interior Features Ceiling Fan(s), Double Vanity, En Suite, Granite Counters, Primary Downstairs, Separate Shower, Tub/shower Combo, Walk-In Closet(s)
Heating Central, Electric
Cooling Central Air, Electric
Flooring Luxury Vinyl
Inclusions All appliances in kitchen including refrigerator and living/dining/bedroom furniture in furnished corporate rental (6213 Walden Ave).
Fireplace No
Window Features Insulated Windows
Appliance Water Heater, Stainless Steel Appliance(s), Range Hood, Free-Standing Refrigerator, Free-Standing Electric Range, Dishwasher
Heat Source Central, Electric
Laundry Inside, Laundry Room
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Off Street
Garage Description Driveway, Off Street
Community Features None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Asphalt,Shingle
Porch Deck, Porch - Covered
Garage No
Building
Lot Description Level
Faces Merge onto I-75 N, Entering Tennessee, Keep left to stay on I-75 N, Take exit 4 for TN-153 N toward Chickamauga Dam/Airport, Continue onto TN-153 N, Take exit 1A for Shepherd Rd toward Airport, Turn right onto W Shepherd Rd, Turn right onto Meharry Dr, Turn left onto Walden Ave, Property will be on the left
Story Two
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
Senior Community No
Tax ID 148g N 021
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Investor
