1307 Wheeler Avenue, Chattanooga, TN 37406
- $205,000
- 3
- BD
- 2
- BA
- 1,607
- SqFt
- List Price
- $205,000
- Status
- ACTIVE
- MLS#
- 1540425
- Subtype
- Residential
- Style
- Other
- Year Built
- 1930
- Bedrooms
- 3
- Bathrooms
- 2
- Full Baths
- 2
- Living Area
- 1,607
- Lot Size
- 6,750
- Acres
- 0.16
- Subdivision
- Arlington Heights
Property Description
TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENT Looking for an income-producing property with a tenant already in place? 1307 Wheeler Ave currently generates $1,589 per month in rental income, with the existing lease running through March 31, 2027. Purchase this property individually or take advantage of the opportunity to acquire a three-property Chattanooga rental portfolio consisting of 1307 Wheeler Ave, 1725 Newton St and 2120 Cleveland Ave. The three properties currently generate a combined $4,654 per month / $55,848 annually in scheduled gross rent and feature staggered lease expirations. Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount. An attractive opportunity for a buy-and-hold investor seeking occupied properties with established rental income. Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions. 1725 Newton $189,900
Additional Information
- Exterior Features
- Rain Gutters
- Taxes
- $722
- Property Description
- Other
- Appliances
- Refrigerator
- Air Conditioning
- Central Air
- Exterior Features
- Cement Siding, Wood Siding
- Stories
- 1
- Foundation
- Brick/Mortar
- Parking Features
- Driveway
- Elementary School
- Hardy Elementary
- Middle School
- Orchard Knob Middle
- High School
- Brainerd High
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Listing courtesy of Best Realty of Chattanooga LLC.