2120 Cleveland Avenue, Chattanooga, TN 37404
- $205,900
- 3
- BD
- 1
- BA
- 1,040
- SqFt
- List Price
- $205,900
- Status
- ACTIVE
- Price Change
- ▼ $14,100 1790038598
- MLS#
- 1540426
- Subtype
- Residential
- Year Built
- 1940
- Bedrooms
- 3
- Bathrooms
- 1
- Full Baths
- 1
- Living Area
- 1,040
- Lot Size
- 21,780
- Acres
- 0.50
- Subdivision
- Stanleys Of Delong Tract
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.
Additional Information
- Interior Features
- High Speed Internet, Open Floorplan, Separate Shower
- Exterior Features
- Other
- Taxes
- $1,255
- Appliances
- Electric Water Heater
- Heating
- Central, Electric
- Air Conditioning
- Central Air, Electric
- Exterior Features
- Vinyl Siding
- Stories
- 1
- Levels
- One
- Roof
- Shingle
- Foundation
- Block
- Parking Features
- Off Street
- Elementary School
- Orchard Knob Elementary
- Middle School
- Orchard Knob Middle
- High School
- Brainerd High
Mortgage Calculator
Listing courtesy of Best Realty of Chattanooga LLC.