Investor Opportunity - Six-Home Rental Portfolio | $1,990,000
Turnkey rental portfolio of six single-family homes, fully leased and cash-flowing—offered as a package only. Five of the properties are brand-new construction featuring a popular 3 bed / 2.5 bath layout with the primary suite on the main level, covered front porch, and spacious rear deck. Luxury vinyl plank flooring throughout, granite countertops, galley kitchen with modern open shelving and stainless appliances. These homes are located at:
6215 Walden Ave - $2,500/mo (Section 8)
6219 Walden Ave - $2,500/mo (Section 8)
6325 Talladega Ave - $2,500/mo (Section 8)
6401 Atlanta Ave - $2,250/mo, secured with a two-year lease
6321 Talladega Ave - $2,300/mo (Section 8)
6213 Walden Ave - $2,775/mo corporate lease
The sixth property, 6213 Walden Ave, is a fully remodeled gem leased for $2,775/mo on a furnished corporate lease. Furniture to convey. Renovations include a new roof, new flooring, upgraded cabinetry, appliances, lighting, exterior paint, serviced HVAC, and added side deck for outdoor enjoyment.
Total Gross Monthly Rent: $14,825
Total Gross Yearly Rent: $177,900
Insurance cost will depend on policyholder but current owner pays approximately $6k/yr. Seller's other expenses are property taxes and ONLY the corporate rental (6213 Walden Ave) includes lawn maintenance, 1 x per week cleaning at $75, and utilities. All five new construction units--the utilities and lawn maintenance are tenant's responsibility.
Excellent Section 8 and corporate tenancy in place. All six homes are in strong rental corridors and have been professionally maintained. Owner will not divide package.
A rare opportunity to own a stable, income-producing portfolio with minimal deferred maintenance and strong rental income. Properties will be shown once an accepted contract is in place. **Please do not disturb tenants**
For sale
$350,000
6401 Atlanta Ave, Chattanooga, TN 37421
3beds
1,520sqft
Est.:
Single Family Residence
Built in 2024
7,840.8 Square Feet Lot
$344,300 Zestimate®
$230/sqft
$-- HOA
What's special
Modern open shelvingFully remodeled gemCovered front porchNew roofExterior paintServiced hvacGalley kitchen
- 68 days
- on Zillow |
- 95 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: July 31, 2025 at 09:22am
Listed by:
Christa French 423-693-9225,
Real Estate Partners Chattanooga LLC 423-362-8333
Source: Greater Chattanooga Realtors,MLS#: 1513684
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Water Heater, Stainless Steel Appliance(s), Refrigerator, Range Hood, Free-Standing Refrigerator, Free-Standing Electric Range
- Laundry: Inside, Laundry Room
Features
- Ceiling Fan(s), Double Vanity, En Suite, Primary Downstairs, Stone Counters, Tub/shower Combo, Walk-In Closet(s)
- Flooring: Luxury Vinyl
- Windows: Insulated Windows
- Has basement: No
- Has fireplace: No
Interior area
- Total structure area: 1,520
- Total interior livable area: 1,520 sqft
- Finished area above ground: 1,520
Property
Parking
- Parking features: Driveway, Off Street
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck, Porch - Covered
- Exterior features: Rain Gutters
Lot
- Size: 7,840.8 Square Feet
- Dimensions: 56 x 140
- Features: Level
Details
- Additional parcels included: This is being sold as a package of 6 homes, owner will not divide
- Parcel number: 148g P 018
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block
- Roof: Asphalt,Shingle
Condition
- New construction: No
- Year built: 2024
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Electricity Connected, Sewer Connected, Water Connected
Community & HOA
Community
- Security: Smoke Detector(s)
- Subdivision: Washington Park
HOA
- Has HOA: No
Location
- Region: Chattanooga
Financial & listing details
- Price per square foot: $230/sqft
- Tax assessed value: $25,000
- Annual tax amount: $280
- Date on market: 5/28/2025
- Listing terms: Cash,Conventional
- Inclusions: All appliances in kitchen including refrigerator.
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