Chattanooga Portfolio of properties for Sale - Outlying Chattanooga
Investment Portfolio for Sale | 5 Properties | Chattanooga, TN
Offered at $950,000| Fully Occupied
This is a rare opportunity to acquire a fully leased rental portfolio consisting of 5 single-family rental homes and 1 duplex in Chattanooga, TN. One of the properties is currently utilized as a business, offering a mix of residential and commercial income.
All properties are fully occupied, each with individual driveways, ample parking, and fenced-in & flat backyards. All leases are month-to-month and tenants have been there for multiple years. Rent is below market value. Leases and showings are available upon submission of an LOI.
Property Highlights:
1501 Fruitland (Duplex | 1,792 SF | Built 1975)
- Current rents: $750 & $550/month
- Two bedrooms & one bathroom per unit (upstairs)
- Each side includes laundry room, screened- in porch, ceiling fans
- Fenced yard | 55x242’ lot
- Unit B - covered carport
1503 Fruitland (Single-Family | 960 SF | Built 1970)
- 2 bedrooms | 1 bath | laundry room | wood floors
- Wheelchair ramp | fenced yard | outdoor storage (6x5’)
- Sits on 0.18 acres
- Covered back porch and carport
1505 Fruitland (Single-Family | 1,095 SF | Built 1940)
- Long-term tenant (20+ years) | $750/month rent
- 2 bedrooms | 1 bath | laundry room | wood floors
- Fenced yard | 0.18 acres
- Covered carport and screened- in porch
1507 Fruitland (Single-Family | 1,019 SF | Built 1970)
- 2 bedrooms | 1 bath | fireplace | porch
- Detached garage | large fenced backyard | Exterior Shed
- $800/month rent
1505 Maxwell Rd (Commercial | 1,188 SF | Built 1950)
- 6 offices, kitchen, 1 bathroom, attached garage
- $1000/month rent
- Currently being used as a commercial office
Portfolio Features
- Fully Occupied – Immediate Income
- Residential & Commercial Mix
- Individual Driveways + Ample Parking
- All Properties Have Fenced Backyards
- Total Offering: $950,000
This portfolio presents a strong turnkey investment opportunity in Chattanooga’s growing rental market.
Investment Highlights:
- Houses are all within the same block, thus easier to manage.
- Most houses are within C-2 Zoning, so more could potentially be converted to offices, which could generate a higher income. Buyer to verify.
- Buyer to verify if these could be Short Term Vacation Rentals - higher income.
- Properties were appraised in 2023.
- Rents are below market rate.
