Property Description

TENANT-OCCUPIED INVESTMENT OPPORTUNITY | $1,589/MONTH CURRENT RENTLooking 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

Property Features

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