3600 Shirl Jo Lane

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Address: 3600 Shirl Jo Ln, East Ridge, TN 37412, USA
Created date: November 6, 2024
Date last updated: November 21, 2024
  • - Prime Location: Situated in the vibrant area of East Ridge, just minutes from local amenities, parks, shopping, and major transportation routes.
  • - Consistent Rental Income: Benefit from a consistent income stream with established tenants and high occupancy rates.
  • - Renovated Units: Five units have been beautifully updated with modern finishes, including LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies, ensuring they stand out in the rental market.
  • - Upgraded Infrastructure: Plumbing has been upgraded, providing peace of mind for future maintenance and tenant satisfaction.
  • - Enhanced Curb Appeal: Fresh landscaping enhances the property’s exterior, creating an inviting atmosphere for residents and guests.
  • - Ample Parking: Convenient on-site parking for tenants, ensuring ease of access.
  • - Potential for Growth: Opportunities for increasing rental income through further renovations or enhancements.

Property Description

SVN | Second Story is pleased to introduce this prime Investment opportunity at Riverstone Apartments, located in the vibrant East Ridge area. Boasting 8 units, this property offers an attractive unit mix of spacious 2-bedroom units. 5 out of the 8 have been fully renovated, achieving top of market rents. Each unit is thoughtfully designed to provide both functionality and comfort, ensuring a desirable living experience for tenants. The units have been updated with modern finishes, including LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies, enhancing appeal to potential tenants. With its convenient access to amenities and transportation, this property is primed to attract tenants looking for convenience and connectivity. The property provides ample parking, grill/picnic area, close proximity to Downtown and Hamilton Place, and remaining upside for the new owner. This is a great opportunity for investors seeking a renovated, low maintenance building that attracts reliable, long-term tenants seeking the best, affordable place to live. This apartment building is not just a property; it’s a gateway to a lucrative investment in a promising location. Don’t miss your chance to add this gem to your portfolio!

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $1,325,000
No. of Units: 8
Year Built: 1975
Lot Size: 0.64 Sq ft
Opportunity Zone: No
Price per unit: $165,625
Property Website Click Here
Address: 3600 Shirl Jo Lane, East Ridge, TN 37412, USA
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