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    1516 Adams St Chattanooga, TN 37408

    Sponsored
    For Sale
    $479,000

    Turnkey Vacation Rental, High Income

    Property size:
    930 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This fully furnished, three-story townhome in Chattanooga's desirable Southside offers a fantastic investment opportunity. The 930-square-foot property, built in 2017, boasts two bedrooms and is currently operating as a successful short-term vacation rental, generating an annual income of $28,500. All furnishings, linens, kitchenware, and existing licenses are included in the sale, along with the LLC and complete rental records. The property is zoned U-CX-3 and is offered for sale by the owner at $479,000 ($515.05 per square foot). This turnkey operation provides immediate income potential and benefits from Chattanooga's thriving tourism market. The sale includes all necessary documentation for continued operation, minimizing the hassle of setup and management. This is a rare opportunity to acquire a profitable, established short-term rental in a prime location. The property's attractive design and furnishings ensure a consistently high occupancy rate, making it an ideal investment for both seasoned and first-time investors. The Hamilton County location, with its address at 1516 Adams St, zip code 37408, offers easy access to local amenities and attractions. This is a truly exceptional opportunity to own a piece of Chattanooga's vibrant Southside.

    Property Features for 1516 Adams St

    General Information

    Property type
    Hospitality properties
    Square Feet
    930 SF

    Building Details

    Year Built
    2017
    Buildings
    1
    Stories
    3

    HighLights

    • $479,000 asking price for this turnkey short‑term vacation rental (STVR) property.
    • Fully furnished and equipped, including linens and kitchenware.
    • All licenses, LLC, and rental records included in the sale.
    • Located in Chattanooga, TN's desirable Southside neighborhood.
    • Generating $28,500 annual income.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Spa & Massage Dental Office Law Firm Hair Salon Nail Salon Building Supply Clothing Store Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Chattanooga
    County
    Hamilton
    State
    Tennessee
    Longitude
    -85.3013167
    Latitude
    35.0335367

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    FAQs

    What type of property is this?
    Hospitality property - Turnkey Vacation Rental, High Income
    Where is this hospitality property located?
    The property is located at 1516 Adams St Chattanooga, TN.
    What is the asking price?
    The asking price for this property is $479,000.
    What are key features of this property?
    This property features: $479,000 asking price for this turnkey short-term vacation rental (STVR) property.; Fully furnished and equipped, including linens and kitchenware.; All licenses, LLC, and rental records included in the sale.
    Request Owner's contact information
    1516 Adams St Chattanooga, TN 37408
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    Chattanooga, TN 37408
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1516 Adams St Chattanooga, TN 37408
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