520 South Holly Street

Chattanooga, TN 37404

$2,649,000
Price
10
Beds
5
Baths
14,869 Sq. Ft.
$178 / Sq. Ft.
14,869
Sq. Ft.
$178
per Sq. Ft.

Listed By Compass

Listed By Compass

Description

This 16-unit rental portfolio (12 single family and 2 duplexes) offers a prime investment opportunity in the rapidly growing Chattanooga market. The portfolio includes a mix of properties, including two duplexes, all within a 10-mile radius and just 20 minutes from downtown Chattanooga. All units feature new siding, roofs, flooring, lighting, interior paint, and appliances. The properties are 100% occupied, some are Section 8 and others with potential to flip to Section 8 if desired, providing stable...This 16-unit rental portfolio (12 single family and 2 duplexes) offers a prime investment opportunity in the rapidly growing Chattanooga market. The portfolio includes a mix of properties, including two duplexes, all within a 10-mile radius and just 20 minutes from downtown Chattanooga. All units feature new siding, roofs, flooring, lighting, interior paint, and appliances. The properties are 100% occupied, some are Section 8 and others with potential to flip to Section 8 if desired, providing stable and reliable rental income. Located in areas experiencing strong appreciation, these properties are poised for future value growth. This portfolio is perfect for investors looking for a turnkey operation with strong cash flow and long-term appreciation potential. Occupancy status subject to change.

Listing Agents

  1. Jamie Brandenburg

    Jamie Brandenburg

    Listing Agent

    Compass

    CallTextEmail
  2. Tanner Smith

    Tanner Smith

    Alternative Listing Agent

    Compass

    tanner.smith@compass.com

    P: (731)-693-6576

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Property Details for 520 South Holly Street

Subdivision Name
Highland Park Addn N
View
City
Waterfront
No
LISTING UPDATED: 09/30/2024 04:36 PM

Property Details for 520 South Holly Street

StatusActive
MLS #2694476
Days on Market90
Taxes$2,362 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1960
Lot Size-
CountyHamilton County

Building Information for 520 South Holly Street

Stories1Residences16Year Built1960Building Size-Lot Size-

Property Information for 520 South Holly Street

Summary
Location and General Information
  • Directions: This is a portfolio listing. There are multiple addresses.
  • Elementary School: Orchard Knob Elementary School
  • High School: The Howard School
  • Levels: One
  • Living Area Source: Other
  • Living Area Units: Square Feet
  • Middle Or Junior School: Orchard Knob Middle School
  • Mlg Can View: Yes
  • Zoning: Commercial
Parking
  • Garage Spaces: .00
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Other
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Other
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Other
  • Building Area Units: Square Feet
  • Flooring: Finished Wood, Laminate, Tile
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 146J M 027
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding, Wood Siding
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Stories: 1
  • Year Built Details: EXIST
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
  • Laundry Features: Individual
Exterior Features
  • Attached Garage: No
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • View YN: Yes
Multi Family
Multi-Family Information
  • Number Of Units Total: 16
Unit 1
  • Unit Type Actual Rent: $1,200.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $1,835.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $1,650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
Unit 4
  • Unit Type Actual Rent: $1,300.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 4
Rental Information
Rental Information
  • Total Actual Rent: $5,985

Property History for 520 South Holly Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 520 South Holly Street

Taxable ValueLand-Additions-Total-
Tax Record2023$1,178 ($98 / month)
Home Facts
Total Finished SqFt1,596 SqFtAbove Grade Finished SqFt1,596 SqFtStories1Lot Size6,980 SqFtStyleDuplexYear Built1960Year Renovated1965ZoningR3CountyHAMILTONAPN146J M 027

Schools near 520 South Holly Street

This home is within Hamilton County School District.
Rating
School
Type
Grades
Distance
Orchard Knob Elementary School
Public - PK to 5
Orchard Knob Middle School
Public - 6 to 8
The Howard School
Public - 9 to 12
Chattanooga Girls Leadership Academy
Charter - 6 to 12
Rating
School
Distance
Orchard Knob Elementary School
PublicPK to 5

Orchard Knob Middle School
Public6 to 8

The Howard School
Public9 to 12

Chattanooga Girls Leadership Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 520 South Holly Street, Chattanooga, TN 37404

520 South Holly Street is a multi-family home for sale in Chattanooga, TN 37404. This property was listed for sale on August 12, 2024 by Compass, it's currently listed at $2,649,000. It has been on the market for a total of 90 days and was last sold on December 29, 2020. This listing's school district is Hamilton County School District. Nearby schools include Orchard Knob Elementary School, Orchard Knob Middle School and The Howard School. 520 South Holly Street is a 10-bed, 5-bath, 14,869 sqft multi-family home built in 1960.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 09/30/2024 04:36 PM