$205,900
About this home
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.
Features
Location
2120 Cleveland Avenue, Chattanooga, TN 37404, Chattanooga, TN 37404
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