Estimated payment $1,927/month
Investor Opportunity - Six-Home Rental Portfolio | $1,990,000
Turnkey rental portfolio of six single-family homes, fully leased and cash-flowing—offered as a package only. Five of the properties are brand-new construction featuring a popular 3 bed / 2.5 bath layout with the primary suite on the main level, covered front porch, and spacious rear deck. Luxury vinyl plank flooring throughout, granite countertops, galley kitchen with modern open shelving and stainless appliances. These homes are located at:
6215 Walden Ave - $2,500/mo (Section 8)
6219 Walden Ave - $2,500/mo (Section 8)
6325 Talladega Ave - $2,500/mo (Section 8)
6401 Atlanta Ave - $2,250/mo, secured with a two-year lease
6321 Talladega Ave - $2,300/mo (Section 8)
6213 Walden Ave - $2,775/mo corporate lease
The sixth property, 6213 Walden Ave, is a fully remodeled gem leased for $2,775/mo on a furnished corporate lease. Furniture to convey. Renovations include a new roof, new flooring, upgraded cabinetry, appliances, lighting, exterior paint, serviced HVAC, and added side deck for outdoor enjoyment.
Total Gross Monthly Rent: $14,825
Total Gross Yearly Rent: $177,900
Insurance cost will depend on policyholder but current owner pays approximately $6k/yr. Seller's other expenses are property taxes and ONLY the corporate rental (6213 Walden Ave) includes lawn maintenance, 1 x per week cleaning at $75, and utilities. All five new construction units--the utilities and lawn maintenance are tenant's responsibility.
Excellent Section 8 and corporate tenancy in place. All six homes are in strong rental corridors and have been professionally maintained. Owner will not divide package.
A rare opportunity to own a stable, income-producing portfolio with minimal deferred maintenance and strong rental income. Properties will be shown once an accepted contract is in place. **Please do not disturb tenants**
Listing Agent
Real Estate Partners Chattanooga LLC License #338442 Listed on: 05/28/2025
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $140 | $6,250 | $0 | $0 |
| 2023 | $140 | $6,250 | $0 | $0 |
| 2022 | $140 | $6,250 | $0 | $0 |
| 2021 | $140 | $6,250 | $0 | $0 |
| 2020 | $83 | $3,000 | $0 | $0 |
| 2019 | $83 | $3,000 | $0 | $0 |
| 2018 | $68 | $3,000 | $0 | $0 |
| 2017 | $83 | $3,000 | $0 | $0 |
| 2016 | $52 | $0 | $0 | $0 |
| 2015 | $95 | $1,875 | $0 | $0 |
| 2014 | $95 | $0 | $0 | $0 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/28/2025 05/28/25 | For Sale | $350,000 | -- | $230 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $25,000 | Realty Center Title & Escrow |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $190,000 | New Conventional | |
| Closed | $190,000 | New Conventional |
$349,900
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Source: Greater Chattanooga REALTORS®
MLS Number: 1513681
APN: 148G-M-001
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