For Sale
$1,325,000

3600 Shirl Jo LnEast Ridge, TN 37412

East Ridge, TN Multifamily Investment

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit apartment building, located at 3600 Shirl Jo Ln, East Ridge, TN 37412, presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2024, this two-story, Class B property boasts 8,056 square feet on a 0.64-acre lot. Five of the eight units have undergone complete renovations, featuring modern LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies. These upgrades command top-of-market rents. All units are spacious two-bedroom apartments. The property benefits from upgraded plumbing, ample on-site parking, a grill/picnic area, and attractive landscaping. Its convenient location offers easy access to downtown, Hamilton Place mall, and major transportation routes. The property is zoned R-2 and presents potential for further rental income growth through additional renovations or enhancements. This low-maintenance building attracts reliable, long-term tenants, making it an ideal investment for those seeking consistent rental income and future appreciation in a thriving East Ridge location. The asking price is $1,325,000.

Highlights

  • Prime East Ridge location near amenities, shopping, and transportation.
  • Strong rental income with high occupancy and established tenants.
  • Five units boast modern renovations including LVP flooring, new kitchens, stainless steel appliances, and updated bathrooms.
  • Upgraded plumbing ensures low maintenance and tenant satisfaction.
  • Attractive landscaping and ample on-site parking enhance curb appeal.
  • Further renovation potential for increased rental income.

Property Details for 3600 Shirl Jo Ln

Property type
Apartment buildings
Square Feet
8,056 SF
Class
B
Year Built/Renovated
1975/2024
Buildings
1
Stories
2
Lot Size (sq. ft)
27,878 SF
Units
8

Location Insight

City
East Ridge
County
Hamilton
State
Tennessee
Latitude
34.9918875
Longitude
-85.2674547
3600 Shirl Jo Ln, East Ridge, Tennessee

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3600 Shirl Jo Ln
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