BEDS3
BATHS2 full
SQUARE FEET1,607
MLS#1540425
STATUSActive
PROPERTY TYPEResidential - Single Family
SUBDIVISIONArlington Heights
NEIGHBORHOODChattanooga
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
Property Type: Residential - Single Family
Cooling: Central Air
Home Style: Other
Lot Size: 0.15 Acres
Taxes: $722
Year Built: 1930
Feature Descriptions
Appliances: Refrigerator
Days on Site: 72
Exterior: Cement Siding, Wood Siding
Exterior Amenities: Rain Gutters
Lot Dimensions: 50X135
Parcel #: 136m L 011
Parking: Driveway
Utilities: Cable Connected, Electricity Connected, Sewer Connected
Local Schools
High School: Brainerd High
Middle School: Orchard Knob Middle
Elementary School: Hardy Elementary
Listed By / Shown By
Listed By
Agency Name: Best Realty of Chattanooga LLC
Agency Phone: 423-305-8666
Shown By
Agency Title: Crye-Leike Real Estate Services - Adaro Realty - Memphis
Agency Phone: 901-751-6675
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 576.20 per month $456.24 Principal & Interest $60.17 Property Tax $59.79 Homeowner's InsuranceChange Payment Information
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1307 Wheeler Avenue | MLS# 1540425
This single family home located at 1307 Wheeler Avenue, Chattanooga, TN 37406 is currently listed for sale with an asking price of $205,000. This property was built in 1930 and has 3 bedrooms and 2 full baths with 1607 sq. ft. Wheeler Avenue is located in the Arlington Heights subdivision. Search Arlington Heights real estate on www.adarorealty.com today.