1307 Wheeler AVE Chattanooga, TN 37406
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,607 sqft
Price per Sqft $127
Subdivision Arlington Heights
MLS Listing ID 1540425
Style Other
Bedrooms 3
Full Baths 2
Year Built 1930
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 50X135
Property Sub-Type Single Family Residence
Source Greater Chattanooga REALTORS®
Property Description
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
Location
State TN
County Hamilton
Area 0.16
Interior
Cooling Central Air
Fireplace No
Appliance Refrigerator
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway
Garage Description Driveway
Utilities Available Cable Connected, Electricity Connected, Sewer Connected
Garage No
Building
Faces Wilcox, left on Wheeler
Foundation Brick/Mortar
Sewer Public Sewer
Water Public
Architectural Style Other
Structure Type Cement Siding,Wood Siding
Schools
Elementary Schools Hardy Elementary
Middle Schools Orchard Knob Middle
High Schools Brainerd High
Others
Senior Community No
Tax ID 136m L 011
Acceptable Financing Cash, Conventional, FHA
Listing Terms Cash, Conventional, FHA
GET MORE INFORMATION