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Property profile & analytics
OFF-MARKET
Residential income homes

1604 Beech St Chattanooga, TN 37404

Built 2015
Property ID
US80-1064578
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Residential income homes
Year built 2015
UPID US80-1064578
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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