For Sale
$5,400,000

1604 Beech StChattanooga, TN 37404

21 Units, 100% Occupancy, High Demand

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a portfolio of 21 residential units in Chattanooga, Tennessee, offering immediate cash flow and significant upside potential. The portfolio comprises a diverse mix of property types, including a nine-unit two-story apartment complex, one duplex, and ten single-family homes, all meticulously maintained and constructed between 2015 and 2023. Located in the desirable Ridgedale neighborhood, near Highland Park and the Southside District, these properties benefit from a prime location within a square mile radius in zip code 37404. The units, built with durable Hardie board and concrete slab foundations, boast a mix of sizes and configurations, ranging from one-bedroom to four-bedroom units. Currently operating at 100% occupancy, this portfolio provides a stable income stream with the potential for future rent increases. The asking price is $5,400,000, and the sale is structured to accommodate a 1031 exchange. This is a rare opportunity to acquire a well-maintained, high-performing multifamily portfolio in a thriving Chattanooga market. Detailed unit information, including square footage, bedroom/bathroom counts, and individual addresses, is available upon request. The seller is a reputable general contractor, ensuring high-quality construction and ongoing maintenance. This portfolio is ideal for investors seeking immediate returns and long-term growth in a strong rental market.

Highlights

  • $5,400,000 asking price for a 21-unit multifamily portfolio.
  • 100% occupancy.
  • 21 units across 12 buildings, built between 2015 and 2023.
  • Broker co-op available.
  • Offered as a 1031 exchange opportunity.

Property Details for 1604 Beech St

Property type
Residential income homes, Apartment buildings
Year Built
2015
Buildings
12
Units
21

Location Insight

City
Chattanooga
County
Hamilton
State
Tennessee
Latitude
35.024561627096
Longitude
-85.280103109679
1604 Beech St, Chattanooga, Tennessee

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1604 Beech St
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