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Randy Durham Team
1502 E 13th Street, Chattanooga, TN 37404
- $998,000
- 8
- BD
- 8
- BA
- 4,880
- SqFt
- List Price
- $998,000
- Price Change
- ▼ $297,000 1793311419
- MLS#
- 1543721
- Bedrooms
- 8
- Sq. Ft
- 4,880
- Acres
- 0.30
- Year Built
- 2022
- Subdivision
- Fort & Porter Addn
Property Description
Immediate income. Four leased townhomes. Newer construction with income growth potential. Located at 1502 E. 13th Street, this fully occupied Chattanooga investment offers four townhomes totaling approximately 4,880 square feet. Current listed rents generate $6,520 per month, or $78,240 in annual gross rental income, providing an established income stream with potential for rent adjustments as leases renew. Each townhome offers approximately 1,220 square feet. Most tenants are on one-year leases, while Unit 112 is leased month-to-month, offering near-term flexibility. Dedicated parking for each townhome, alley access, a rear-building sprinkler system, and underground stormwater management add to the property's appeal. Conveniently located near downtown Chattanooga, Highland Park, the Main Street district, UTC, and major medical centers, the property provides access to employment, dining, breweries, and entertainment. Hold all four townhomes for ongoing rental income, evaluate opportunities for rent growth as leases renew, or explore potential individual unit sales, subject to verification of separate ownership and applicable requirements. Four income-producing townhomes, an established tenant base, and future flexibility--all in Chattanooga's urban core.
Additional Information
- Style
- Contemporary
- Exterior
- Block, Cement Siding, Wood Siding
- Interior
- Tub/shower Combo, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Recessed Lighting
- Roof
- Shingle
- Floors
- Carpet, Hardwood, Luxury Vinyl
- Foundation
- Block, Slab
- Appliances
- Disposal, Dishwasher, Electric Oven, Electric Water Heater, Free-Standing Electric Oven, Microwave, Washer/Dryer, Washer/Dryer Stacked
- Exterior Features
- Courtyard, Lighting
- Lot Description
- Back Yard, City Lot, Front Yard, Level
- Pool Description
- None
- Cooling
- Central Air
- Heating
- Central
- Elementary School
- East Side Elementary
- Middle School
- Orchard Knob Middle
- High School
- Howard School Of Academics & Tech
- Financing Available
- Cash, Conventional
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Listing courtesy of Zach Taylor - Chattanooga.