6314 Fisk Avenue, Chattanooga, TN 37421

Property Description

Welcome to 6314 Fisk Ave - a very rare opportunity to exceed the 1% rule! This recently renovated triplex features three separately metered units with an excellent rental history. When fully occupied just recently, gross rents totaled $3,261/month, exceeding the 1% rule with room to push rents even higher. This investment includes two 2-bedroom, 1-bathroom units just under 800 square feet each, as well as a spacious 3-bedroom, 1-bathroom unit offering approximately 1,000 square feet of living space. Here's where the flexibility comes in: Unit B was just freshly renovated and is vacant, and Unit A (currently rented at $1,376/month) will be vacant at closing and renovated to match Unit B's condition prior to Closing, as reflected in the photos. The seller intentionally created this setup to give buyers freedom - owner occupants can move right in and let the other units help pay the mortgage, while investors can hand-pick two of their own tenants at market rents. Unit C, the larger downstairs unit with its own 2 car garage and private entrance at the back of the property, is home to an outstanding long-term tenant currently paying $1,010/month, providing immediate income from day one. The property had a new roof installed just 6 years ago, and also features newer siding. Each unit is equipped with in-unit laundry and features durable LVP flooring throughout for a modern look with minimal upkeep. Situated in a quiet residential neighborhood with easy access to Highway 153, this location provides quick connectivity to downtown Chattanooga, Volkswagen, Amazon, and other major employers - making it attractive to renters year-round. Whether you're an owner occupant looking to house hack, an investor seeking a stable income-producing asset, 6314 Fisk Ave delivers both strong returns and long-term upside. Only Unit B is currently availabe for showings, other units can be viewed with acceptable offer. Unit C garage door will be replaced prior to Closing.