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16-Unit Rental Portfolio 520 S Holly St

16 Unit Apartment Building $2,649,000 ($165,563/Unit) 7.80% Cap Rate Chattanooga, TN 37404

Apartment Buildings Tennessee Chattanooga 520 S Holly St, Chattanooga, TN 37404

Investment Highlights

  • 100% Occupied, Turnkey Investment
  • New Siding, Roofs, Flooring, and Appliances

Executive Summary

This 16-unit rental portfolio (12 single family and 2 duplexes) offers a prime investment opportunity in the rapidly growing Chattanooga market. The portfolio includes a mix of single family properties, including two duplexes, all within a 10-mile radius and just 20 minutes from downtown Chattanooga. All units feature new siding, roofs, flooring, lighting, interior paint, and appliances making this a low maintenance investment. The properties are 100% occupied, some are Section 8 and others with potential to flip to Section 8 if desired, providing stable and reliable rental income. Located in areas experiencing strong appreciation, these properties are poised for future value growth. This portfolio is perfect for investors looking for a turnkey operation with strong cash flow and long-term appreciation potential. *Occupancy status subject to change.
16 Single Family Homes-
520 S Holly St, Chattanooga, TN (duplex)
524 S Holly St, Chattanooga, TN (duplex)
1322 Ely Road, Unit A, Hixson, TN 37343 (duplex)
1322 Ely Road, Unit B, Hixson, TN 37343 (duplex)
2103 Allin St, Chattanooga, TN 37406
1409 Bradt St, Chattanooga, TN 37406
4038 Denham Rd, Chattanooga, TN 37406
2598 E 39th St, Chattanooga, TN 37407
2305 Glass St, Chattanooga, TN 37406
4623 Highland Ave, Chattanooga TN 37410
1509 Lynnbrook Ave, Chattanooga TN 37404
412 N Hawthorne St, Chattanooga, TN 37404
218 N Hickory St, Chattanooga, TN 37404
2500 Orear St, Chattanooga, TN 37406
2013 Rawlings St, Chattanooga, TN 37406
2105 Rawlings St, Chattanooga, TN 37406

Attachments

16 Unit Portfolio_OM

Property Facts

Price $2,649,000 Apartment Style Single Family Home
Price Per Unit $165,563 Building Class C
Sale Type Investment Lot Size 0.18 AC
Cap Rate 7.80% Building Size 24,000 SF
Sale Conditions Bulk/Portfolio Sale Average Occupancy 100%
No. Units 16 No. Stories 1
Property Type Multifamily Year Built/Renovated 1965/2022
Property Subtype Apartment
Price $2,649,000
Price Per Unit $165,563
Sale Type Investment
Cap Rate 7.80%
Sale Conditions Bulk/Portfolio Sale
No. Units 16
Property Type Multifamily
Property Subtype Apartment
Apartment Style Single Family Home
Building Class C
Lot Size 0.18 AC
Building Size 24,000 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1965/2022

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
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Bike Score ®
Very Bikeable (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

zoning

Zoning Code R3 (Varies by address.)
R3 (Varies by address.)
(615) 475-5616

  • Listing ID: 32908048

  • Date on Market: 8/21/2024

  • Last Updated:

  • Address: 520 S Holly St, Chattanooga, TN 37404

More public record information on 520 S Holly St, Chattanooga, TN 37404

The East Multifamily Property at 520 S Holly St, Chattanooga, TN 37404 is currently available. Contact Compass for more information.

Multifamily PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

1 of 8
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520 S Holly St, Chattanooga, TN for sale Building Photo- Image 1 of 8
1322 Ely Road
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 2 of 8
1509 Lynnbrook
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 3 of 8
Holly living room
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 4 of 8
Holly bedroom
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 5 of 8
2105 rawlings - kitchen
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 6 of 8
2013 Rawlings - bedroom
520 S Holly St, Chattanooga, TN for sale Building Photo- Image 7 of 8
Ely Unit A - bathroom

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16-Unit Rental Portfolio | 520 S Holly St
(615) 475-5616 x

16-Unit Rental Portfolio | 520 S Holly St

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Jamie Brandenburg

(615) 475-5616

(615) 475-5616

Tanner Smith

(615) 475-5616

(615) 475-5616

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