578 Withrow Road, Mcdonald, TN 37353
- $569,000
- 8
- BD
- 6
- BA
- 3,888
- SqFt
- List Price
- $569,000
- Status
- ACTIVE
- Price Change
- ▼ $30,000 1788812231
- MLS#
- 1540695
- Subtype
- Residential Income
- Style
- Ranch
- Year Built
- 1972
- Bedrooms
- 8
- Bathrooms
- 6
- Living Area
- 3,888
- Lot Size
- 43,560
- Acres
- 1
Property Description
Don't miss this opportunity to own a cash-flowing 6-unit apartment building in desirable Bradley County--just minutes from I-75, Cleveland, and Chattanooga. The property is currently generating $4,047 per month in rental income with one vacant unit currently marketed for $850 per month, providing immediate upside for a new owner. The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low. Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes. With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio. Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.
Additional Information
- Taxes
- $1,596
- Property Description
- Ranch
- Appliances
- Oven, Water Heater
- Heating
- Central
- Air Conditioning
- Central Air
- Exterior Features
- Brick
- Levels
- Two
- Roof
- Shingle
- Foundation
- Brick/Mortar
- Parking Features
- Asphalt, Off Street, Parking Lot
- Elementary School
- Prospect Elementary
- Middle School
- Ocoee Middle
- High School
- Ocoee Middle/High
Mortgage Calculator
Listing courtesy of Keller Williams Realty.