2120 Cleveland AVE, Chattanooga, TN 37404
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2120 Cleveland AVE, Chattanooga, TN 37404
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Maria Lopez Tello

Maria Lopez Tello

+1(423) 331-0491
$ 205,900
Est. payment /mo
Save
Price Dropped by $14K

2120 Cleveland AVE Chattanooga, TN 37404

3 Beds

1 Bath

1,040 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,040 sqft

Price per Sqft $197

Subdivision Stanleys Of Delong Tract

MLS Listing ID 1540426

Bedrooms 3

Full Baths 1

Year Built 1940

Lot Size 0.500 Acres

Acres 0.5

Lot Dimensions 40X88.5

Property Sub-Type Single Family Residence

Source Greater Chattanooga REALTORS®

Property Description

PRICE IMPROVEMENT - $205,900 | INCOME-PRODUCING CHATTANOOGA RENTAL

Investor opportunity with an established tenant and lease already in place. 2120 Cleveland Ave currently generates $1,628 per month in rental income, with the existing lease running through January 31, 2027.

For investors looking to add multiple doors, this property is also available as part of a three-home Chattanooga rental portfolio with 1725 Newton St and 1307 Wheeler Ave. The portfolio currently produces a combined $4,654 per month / $55,848 annually in scheduled gross rent.

Individual asking prices total $600,800, or purchase all three for $585,000--a $15,800 portfolio discount.

The portfolio offers immediate rental income, three established tenancies and staggered lease expirations, allowing an investor to acquire multiple income-producing properties in a single transaction.

Tenant occupied. Please do not disturb tenant. Showings and additional lease information available in accordance with listing instructions.

Location

State TN

County Hamilton

Area 0.5

Rooms

Basement Crawl Space

Dining Room true

Interior

Interior Features High Speed Internet, Open Floorplan, Separate Shower

Heating Central, Electric

Cooling Central Air, Electric

Flooring Hardwood, Tile

Fireplaces Number 1

Fireplaces Type Bedroom

Fireplace Yes

Appliance Electric Water Heater

Heat Source Central, Electric

Laundry Electric Dryer Hookup, Gas Dryer Hookup, Washer Hookup

Exterior

Exterior Feature Other

Parking Features Off Street

Garage Description Off Street

Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected

Roof Type Shingle

Porch Deck, Patio, Porch, Porch - Covered

Garage No

Building

Lot Description Level

Faces East on Third Street left on North Orchard Knob Right on Cleveland Ave

Story One

Foundation Block

Sewer Public Sewer, Other

Water Public, Other

Structure Type Vinyl Siding

Schools

Elementary Schools Orchard Knob Elementary

Middle Schools Orchard Knob Middle

High Schools Brainerd High

Others

Senior Community No

Tax ID 146f J 037

Acceptable Financing Cash, Conventional, FHA

Listing Terms Cash, Conventional, FHA

Special Listing Condition Trust

Greater Chattanooga Association of REALTORS(GCAR MLS)
Listed by Best Realty of Chattanooga LLC
Maria Lopez Tello

Maria Lopez Tello

Broker | Team Leader License ID: TN 365231

+1(423) 331-0491

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