Active
4514/ 4516 Oakland Avenue
Chattanooga TN, 37410
$595,000
$190.71 per sqft
Active
3,120 sqft
Multi-family
Built in 2023
Discover an exceptional investment opportunity with these newly constructed townhomes, designed to generate consistent income in a thriving, up-and-coming area. This property features two separate 3-bedroom, 2.5-bathroom units, each offering modern comforts and excellent rental potential.
These properties bring in an impressive average of $5,916 per month over a 12-month period. One townhome is currently rented on a two-year lease for $2,500 per month, while the other operates as a fully furnished short-term vacation rental (STVR). All furnishings for the STVR will convey but are subject to negotiation with any sale, offering the next owner a turnkey solution for maintaining this high-performing rental.
The owner has made several improvements to enhance the property, including professional landscaping and the addition of fencing in the backyard, further increasing its value and appeal to tenants.
Both townhomes are thoughtfully designed with a modern aesthetic and high-quality finishes, including a contemporary color palette, stainless steel appliances, granite countertops, and a large kitchen island. Durable LVL flooring, ceiling fans, and a charming covered back deck add to the comfort and functionality of these units. Each townhome includes an open-concept great room, an eat-in kitchen, and a sizable one-car garage. Built with energy efficiency in mind, these properties are EPB Smart Build certified, ensuring lower utility costs and long-term savings.
Located on the edge of St. Elmo and just minutes from Chattanooga's vibrant Southside and downtown, this property offers incredible convenience. Tenants will enjoy proximity to a variety of local shops, grocery stores, restaurants, entertainment venues, and major employers, making it an attractive option for both long-term and short-term renters.
This turnkey investment offers an amazing rate of return and the opportunity to capitalize on the growth of Chattanooga's real estate market. Whether you're a seasoned investor or looking to break into the market with a strong-performing property, 4514/4516 Oakland Avenue is a rare find. Don't miss your chance to own this high-performing asset in one of Chattanooga's most promising areas. Schedule your showing today!
1505848
MLSⓇ ID
January 17, 2025
Listed
January 17, 2025
Updated
Map
4514/ 4516 Oakland Avenue
Chattanooga TN, 37410
Interior Features
Fireplace
Yes
Fireplace Description
Electric
Cooling
Yes
Cooling Description
Central Air, Electric
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Exterior Features
Fire Pit
School Information
High School
Howard School of Academics & Tech
Elementary School
Calvin Donaldson Elementary
Other Property Details
Area Name
Chattanooga
Taxes
$50
Tax Frequency
Annually
Garage
No
Parking
Garage, Off Street, Paved
View
No
County
Hamilton
Water Source
Public
Pool
No
Courtesy of EXP Realty LLC
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Lawrence Team Homes shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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