520 S Holly St - Apartments FOR SALE


Chattanooga, TN 37404- Bushtown-Highland Park
$2,649,000 USD
615-487-2100
520 S Holly St, Chattanooga, TN for Sale
$2,649,000 USD
Apartments - FOR SALE
1/7
null | 7.97% Cap Rate

520 S Holly St
Chattanooga, TN 37404
Bushtown-Highland Park


HIGHLIGHTS

  • 100% Occupied, Turnkey Investment
  • New Siding, Roofs, Flooring, and Appliances
  • Five Section 8 Properties

OVERVIEW

This 16-unit rental portfolio (12 single family and 2 duplexes) offers a prime investment opportunity in the rapidly growing Chattanooga market. The portfolio includes a mix of single family properties, including two duplexes, all within a 10-mile radius and just 20 minutes from downtown Chattanooga. All units feature new siding, roofs, flooring, lighting, interior paint, and appliances making this a low maintenance investment. The properties are 100% occupied, 5 properties are Section 8 and others with potential to flip to Section 8 if desired, providing stable and reliable rental income. Located in areas experiencing strong appreciation, these properties are poised for future value growth. This portfolio is perfect for investors looking for a turnkey operation with strong cash flow and long-term appreciation potential. *Occupancy status subject to change. 16 Single Family Homes- 520 S Holly St, Chattanooga, TN (duplex) 524 S Holly St, Chattanooga, TN (duplex) 1322 Ely Road, Unit A, Hixson, TN 37343 (duplex) 1322 Ely Road, Unit B, Hixson, TN 37343 (duplex) 2103 Allin St, Chattanooga, TN 37406 1409 Bradt St, Chattanooga, TN 37406 4038 Denham Rd, Chattanooga, TN 37406 2598 E 39th St, Chattanooga, TN 37407 2305 Glass St, Chattanooga, TN 37406 4623 Highland Ave, Chattanooga TN 37410 1509 Lynnbrook Ave, Chattanooga TN 37404 412 N Hawthorne St, Chattanooga, TN 37404 218 N Hickory St, Chattanooga, TN 37404 2500 Orear St, Chattanooga, TN 37406 2013 Rawlings St, Chattanooga, TN 37406 2105 Rawlings St, Chattanooga, TN 37406

FOR SALE DETAILS

PRICE

$2,649,000 USD

PRICE/SF

$110 USD /SF

# OF UNITS

16

PRICE/UNIT

$165,563

CAP RATE

7.97%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-Unit Rental Portfolio

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,754 SF

ZONING

R3

APN/PARCEL ID

146J-M-027

ASK ABOUT THIS PROPERTY

Jamie BrandenburgCompassMore Info
615-487-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jamie BrandenburgCompassMore Info
615-487-2100

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.