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Property profile & analytics
OFF-MARKET
Commercial real estate

3600 Shirl Jo Ln East Ridge, TN 37412

8,056 SF 0.64 ac lot Built 1975
Entity Owned 3-yr Hold
Property ID
US80-1858651
Property summary
AI-generated overview

This exceptional 8-unit apartment building, located at 3600 Shirl Jo Ln, East Ridge, TN 37412, presents a compelling investment opportunity. Built in 1975 and extensively renovated in 2024, this two-story, Class B property boasts 8,056 square feet on a 0.64-acre lot. Five of the eight units have undergone complete renovations, featuring modern LVP flooring, fresh paint, new kitchen cabinets, stainless steel appliances, LED bath mirrors, and renewed wood balconies. These upgrades command top-of-market rents. All units are spacious two-bedroom apartments. The property benefits from upgraded plumbing, ample on-site parking, a grill/picnic area, and attractive landscaping. Its convenient location offers easy access to downtown, Hamilton Place mall, and major transportation routes. The property is zoned R-2 and presents potential for further rental income growth through additional renovations or enhancements. This low-maintenance building attracts reliable, long-term tenants, making it an ideal investment for those seeking consistent rental income and future appreciation in a thriving East Ridge location. The asking price is $1,325,000.

Property profile
Verified
Property type Commercial real estate
Year built 1975
Total area 8,056 SF
Lot 0.64 ac (27,878 SF)
UPID US80-1858651
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
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Owner & transaction history
River City Real Estate LLC · 3 yrs held
River City Real Estate LLC
since 2022
2 recorded transactions
2022
$980,000
2019
$430,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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