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2120 Cleveland Avenue, Chattanooga, TN 37404

$205,900
: 3
BD
: 1
BA
: 1,040
SqFt

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List Price: $205,900
Price Change: ▼ $14,100 1790038598
MLS#: 1540426
Status: ACTIVE
Type: Single Family Residential
City: Chattanooga
County: Hamilton
Bedrooms: 3
Bathrooms: 1
Baths Full: 1
Living Area: 1,040
Lot Size: 21,780
Year Built: 1940

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Property Description

PRICE IMPROVEMENT - $205,900 | INCOME-PRODUCING CHATTANOOGA RENTAL Investor opportunity with an established tenant and lease already in place. 2120 Cleveland Ave currently generates $1,628 per month in rental income, with the existing lease running through January 31, 2027. For investors looking to add multiple doors, this property is also available as part of a three-home Chattanooga rental portfolio with 1725 Newton St and 1307 Wheeler Ave. The portfolio currently produces a combined $4,654 per month / $55,848 annually in scheduled gross rent. Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount. The portfolio offers immediate rental income, three established tenancies and staggered lease expirations, allowing an investor to acquire multiple income-producing properties in a single transaction. Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.

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Additional Information

Acres: 0.50
Appliances: Electric Water Heater
Basement: Crawl Space
Cooling: Central Air, Electric
Exterior Features: Other
Floors: Hardwood, Tile
Living Area: 1,040
Lot Description: Level
Subdivision: Stanleys Of Delong Tract
Year Built: 1940
Subdivision: Stanleys Of Delong Tract
Heating: Central, Electric
Fireplaces: 1
Water: Other, Public
Sewer: Other, Public Sewer