1500 +1502 E 13th Street
Property Description
Immediate income. Five leased residences. Future flexibility. Located at 1500 & 1502 E. 13th Street, this fully occupied Chattanooga portfolio combines four townhomes and one detached single-family residence totaling approximately 6,455 square feet. Current rents generate $8,115 per month, or $97,140 in annual gross rental income. Each townhome offers approximately 1,220 square feet, while the detached residence includes approximately 1,575 square feet. Most tenants are on one-year leases, with Unit 112 leased month-to-month, providing an established income stream alongside near-term flexibility. Situated on a spacious corner lot with alley access, the property features dedicated parking for each townhome, additional parking behind the residence, a rear-building sprinkler system, and underground stormwater management. Newer townhome construction adds appeal for investors seeking a manageable residential portfolio. Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property offers access to employment, dining, breweries, and entertainment. Hold the portfolio for ongoing rental income, explore future rent adjustments as leases renew, or pursue potential individual unit sales, subject to verification of separate ownership and applicable requirements. An opportunity to acquire five income-producing residences in Chattanooga's urban core.
Broker Details
Zach Taylor Real Estate (423) 451-6654
MLS ID: 7657 State License Number: 305329
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,295,000 |
| No. of Units: | 5 |
| Year Built: | 2022 |
| Lot Size: | 6,455.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $259,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 11 |
| Number of Bathrooms: | 9 |
ID: 3yd-CARTN-1543721
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