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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
31633927
31487973

520 S Holly St, Chattanooga, TN 37404 For Sale

$2,295,000
110 days on market
Updated 101 days ago

16 Door Bundle

Details
Property Type Multifamily
Sub Type Single Family Rental Portfolio
Square Footage 1,200
Units 16
Cap Rate 8.09%
NOI $185,683
Occupancy 94%
Price per SqFt $1,913
Broker Co-Op Yes
Class B
Year Built 1930-1940
Year Renovated 2022
Buildings 12
Investment Type Stabilized
Ground Lease No
Ownership Private

Multifamily | 16 Units | $143,438/unit

Marketing description

This package of homes includes 12 single family homes and 2 duplex units. Purchase this updated and cash flowing rental property to increase your monthly revenue stream and lock in potential tax advantages. Updates include but not limited to siding, roofing, windows, gutters and flooring. Current owners purchased these units and did extensive renovation work since 2021 so that these units lease well and have limited maintenance for maximum cash flow. These units produce nearly $21,000 in monthly gross revenues. Leases in place with many long-term tenants. These units would be a great addition to any portfolio or great for new investor as they are currently rented (Partial Section 8 Leases), updated and ready for new ownership. No sign on property. Please do not disturb tenants. Subject to Tenant's Rights. Showings once fully executed Letter of Intent in place. Buyer to verify any and all information deemed essential. Properties all to be sold in As Is condition.

Listing Contacts

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$185,683.00
$15,473.58/mo

Valuation Metrics

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DSCR
8.09%
Cap Rate
8.09%
ROI

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