BEDS22
BATHS
SQUARE FEET10,136
MLS#1541265
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONLee Acres
NEIGHBORHOODCounty
Property Description
16-unit multifamily investment opportunity in Ooltewah, Tennessee. Firefly Acres consists of two apartment buildings offering a mix of one- and two-bedroom units, with 94% occupancy and an established rental history. Units feature a combination of updates including LVT flooring, fresh paint, and washer/dryer hookups.The property provides an established income stream, with trailing 12-month total income of approximately $200,000. Additional upside exists through continued rent growth as leases renew and units turn, along with supplemental revenue from pet fees and other tenant charges.With 16 units concentrated in one location, Firefly Acres offers investors meaningful multifamily scale in the growing Ooltewah market. Financial statements, current rent roll, operating information, and additional due diligence materials are available to qualified buyers upon request. Please do not disturb tenants.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Central Air, Electric
Fuel Type: Electric
Heating: Central, Electric
Lot Size: 1.40 Acres
Taxes: $7,746
Year Built: 1980
Units
Unit Type 1:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $995.00
Unit Type 2:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $899.00
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $1100.00
Unit Type 4:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1350.00
Unit Type 5:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $1100.00
Feature Descriptions
Days on Site: 49
Exterior: Other
Lot: Level
Lot Dimensions: 200X329
Parcel #: 077 075
Parking: Off Street
Tenant Pays: Electricity
Local Schools
High School: Central High School
Middle School: Hunter Middle
Elementary School: Snow Hill Elementary
Listed By / Shown By
Listed By
Agency Name: Keller Williams Realty
Agency Phone: 423-664-1900
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 4,924.80 per month $3,783.46 Principal & Interest $645.50 Property Tax $495.83 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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7437 Private Lane | MLS# 1541265
This multi-family property located at 7437 Private Lane, Ooltewah, TN 37363 is currently listed for sale with an asking price of $1,700,000. Search County real estate on online.fusion2b.com today.