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6219 Walden Avenue, Chattanooga, TN 37421
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$350,000
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Home Details for 6219 Walden Avenue
Price
$350,000
Type
Single Family
Bedrooms
3
Total Bathrooms
3
Full Bathrooms
2
Half Bathrooms
1
Year Build
2024
Sq. Ft.
1520
Lot Size
0.16
County
Hamilton
Tax
$280.46
MLS®️ Listing#
1513680
On exitrealty.com
174 days
Property Description
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**
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- House Interior
- Double Vanity
- Granite Counters
- Walk-In Closet(s)
- Master Downstairs
- Utilities
- Electricity Connected
- Sewer Connected
- Water Connected
- Cooling Information
- Central Air
- Electric
- Heating Information
- Central
- Electric
- Parking
- Driveway
- Off Street
- Water Features
- Public
School Information
School Information for 6219 Walden Avenue
Elementary School
Bess T. Shepherd Elementary
Middle School
Tyner Middle Academy
High School
Tyner Academy
Listing Courtesy: Real Estate Partners Chattanooga LLC - 423-362-8333. Presented by: Christa French
Listings courtesy of Greater Chattanooga Association of Realtors. This IDX information is provided exclusively for consumers’ personal, non-commercial
use. This information may not be used for any purpose other than to identify prospective properties
consumers may be interested in purchasing. This data is deemed reliable but is not
guaranteed accurate by the MLS.
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Market statistics compiled from data from Greater Chattanooga REALTORS(R).
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$350,000
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EXIT REALTY CDRES
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