Cash Flowing 4 Long Term Rental Portfolio in Chattanooga
Cash Flowing 4 Long Term Rental Portfolio in Chattanooga
Marketing description
4-Property Chattanooga Investment Portfolio | Townhomes + SFR | Stabilized Rental Income
Owner is open to selling the properties individually as well. The two SFHs are on separate parcels but share the same septic system and would need to be sold together. Offered as a single portfolio, this 4-property investment opportunity combines new-construction townhomes in Chattanooga’s thriving Mill Town / Southside area with two upgraded single-family residences in Lookout Valley, delivering diversified rental income, strong in-place cash flow, and long-term appreciation potential.
Portfolio Breakdown
1682 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
Lease signed to start 3/1/2026
3 bed | 2.5 bath | 1,157 SF
Current rent: $1,600/mo
1686 S Watkins St, Chattanooga, TN 37404 – Townhome (Long-Term Rental)
2 bed | 3 bath | 1,306 SF
Current rent: $1,800/mo
7041 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Estimated Rent: $1,600/month
2 bed | 1 bath | 1,464 SF
7045 Maplewood Ln, Chattanooga, TN 37419 – Single-Family Residence (Long-Term Rental)
Month-to-month lease
Current rent: $2,000/mo
3 bed | 2 bath | 1,676 SF
Estimated total rent: $7,000/mo
Estimated annual total rent: $84,000
Estimated NOI: $58,800
Cap Rate: 6%
The S Watkins Street townhomes are located in and adjacent to Mill Town, a modern urban infill neighborhood on Chattanooga’s Southside known for new construction, walkability, and close proximity to Downtown Chattanooga, UTC, Erlanger Hospital, I-24/I-75, breweries, dining, and major employment centers.
The Maplewood Lane properties sit in Lookout Valley, approximately 10 minutes from Downtown Chattanooga, with convenient access to I-24, Ruby Falls, Rock City, Point Park, and Black Creek Golf Club. Both homes operate as long-term rentals, providing stable income and reduced operational complexity compared to short-term rental management.
Major Capital Improvements (Maplewood Properties – 2021)
New roofs and gutters
New HVAC systems (heat pumps)
New water heaters
Encapsulated crawlspaces
New septic systems and water lines
Updated appliances
Financial Highlights (Long-Term Rental Scenario)
This portfolio offers stable rental income, significant recent capital improvements, and exposure to two of Chattanooga’s strongest growth corridors, making it an attractive opportunity for investors seeking long-term appreciation and dependable cash flow.
Investment highlights
- 4-Property Chattanooga Portfolio – 2 townhomes + 2 single-family residences
- Addresses: 1682 & 1686 S Watkins St (Townhomes) | 7041 & 7045 Maplewood Ln (SFRs)
- Mill Town / Southside Location – walkable urban infill near Downtown, UTC, Erlanger, I-24/I-75, breweries & dining
- Lookout Valley Location – approx. 10 minutes to Downtown, minutes to I-24 & Black Creek Golf Club
- Income Diversification – 1 fully furnished STR, 3 LTRs
- Strong In-Place Income – approx. $113,450 current annual gross rents
- High-Performing STR – approx. $56,500 annual gross income (7041 Maplewood)
- NOI: approx. $70,300 → ~7.0% stabilized cap rate
- Recent Capital Improvements – new roofs, HVAC, plumbing & systems on Maplewood homes
- Investor-Friendly Profile – minimal deferred capex, mixed-use strategy, strong growth submarkets
- Major Capital Improvements (Maplewood Properties – 2021)
- New roofs and gutters
- New HVAC systems (heat pumps)
- New water heaters
- Encapsulated crawlspaces
- New septic systems and water lines
- Updated appliances
- STR furnishings included with 7041 Maplewood
- Current Annual Gross Income: ~$113,450
- STR Gross Income (7041 Maplewood): ~$56,500 annually
- Current NOI: ~$70,300
- Cap Rate: ~7.0%
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