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Discover a promising 5-unit value add property conveniently situated minutes from the heart of Chattanooga, TN. Constructed in 1940, this 1.5-story building spans 2154 sq ft and has been converted from a triplex into a 5-plex with separate electric meters and master water & gas meters. The units have a mix of central and window air units. With two updated units demonstrating the proof of concept, the property is ready for the right investor to finish the work and maximize their returns. Unlock this property's potential by capitalizing on prudent updates, competitive rental rates in a desirable area of Chattanooga. Act now to explore this valuable investment. -
Olive Grove Apartments consists of 60 units in 10 buildings located in a lovely neighborhood of Shelbyville, Tennessee. Three distinct unit types create a good mix, making the property extremely marketable to match tenant needs. An office building is located on-site and includes a laundry facility to service tenants. This value add opportunity is positioned to do well with certain capital upgrades to increase curb appeal and match the nice neighborhood. In turn, rental rates could be pushed much higher than where they are currently.[Listing Pending: Accepting Backup Offers] -
Stonebrooke Apartments is a well built, stable property consisting of 56 units in 7 buildings located on mature landscaped grounds in Shelbyville, Tennessee. All buildings are of solid brick build with three of the buildings being built in 2001, two additional built in 2004 and two new in 2016. A multiple door detached brick garage for storage is also on-site and could be converted to an office if desired. All units are two bedrooms with one bathroom and are 784 sq.ft. with washer/dryer hookups. [Listing Pending: Accepting Backup Offers]
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