, Chattanooga, TN 37416 (MLS# 1522136)

Chattanooga, TN 37416

$400,000
Property Type: Residential Income Square Footage: 2,712 Lot Size (sq. ft.): 43,560 Status: Closed
Current Price: $400,000 List Date: 10/10/2025 Last Modified: 11/24/2025

Overview

Description

The Blue Oak Portfolio offers four fully occupied, income-producing rental homes in the desirable Blue Oak community. Each property is professionally managed, well-maintained, and provides consistent monthly cash flow, making this a strong, low-maintenance addition to any investment portfolio. Generating over $158,000 in annual income with an estimated 6.3% cap rate, this portfolio delivers immediate returns and long-term appreciation potential. It is ideal for investors or 1031 exchange buyers seeking reliable performance in a high-demand area. All properties are tenant-occupied with proven rental history and stable management already in place. This is a true turnkey opportunity for anyone looking to acquire performing assets with minimal effort required. The portfolio is offered as a complete package for $1,675,000, but the seller is also willing to sell the homes separately. Contact the listing agent for financial details and additional information.

Listing Details MLS# 1522136

General Property Information

Number Of Units Total
2
Living Area
2712
Living Area Source
Public Records
Enhanced Accessible
No
Year Built
1998
New Construction YN
No
Lot Size Acres
Yes
Lot Size Square Feet
43560
Association YN
No
View YN
Yes
Waterfront YN
No
Basement YN
No
Fireplace YN
No
Senior Community YN
No
List Price/SqFt
617.63
Sold Price/SqFt
147.49

Property Features

Appliances: Washer/Dryer Architectural Style: Contemporary Community Features: Other Construction Materials: Vinyl Siding Cooling: Central Air Exterior Features: Other Fencing: None Flooring: Laminate; Vinyl Foundation Details: Slab Heating: Central Listing Terms: Cash; Conventional; FHA; VA Loan Lot Features: Paved Parking Features: Garage; Off Street Possession: Close Of Escrow Road Frontage Type: Other Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Shake; Shingle Sewer: Septic Tank Structure Type: Duplex Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Water Available Water Source: Public Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN
No
Listing Contract Date
2025-10-06
Equitable Ownership Interest Listing
No
Property Sub Type
Duplex

Location Tax and Legal

County
Hamilton
State
TN
Postal Code
37416
Subdivision Name
James D Lee
MLS Area Major
Chattanooga

Remarks and Miscellaneous

Public Remarks
The Blue Oak Portfolio offers four fully occupied, income-producing rental homes in the desirable Blue Oak community. Each property is professionally managed, well-maintained, and provides consistent monthly cash flow, making this a strong, low-maintenance addition to any investment portfolio. Generating over $158,000 in annual income with an estimated 6.3% cap rate, this portfolio delivers immediate returns and long-term appreciation potential. It is ideal for investors or 1031 exchange buyers seeking reliable performance in a high-demand area. All properties are tenant-occupied with proven rental history and stable management already in place. This is a true turnkey opportunity for anyone looking to acquire performing assets with minimal effort required. The portfolio is offered as a complete package for $1,675,000, but the seller is also willing to sell the homes separately. Contact the listing agent for financial details and additional information.
Directions
From Highway 58, turn onto Champion Road. Continue straight, then turn left onto Blue Oak Drive. The home will be on your right

Status Change Information

Major Change Timestamp
2025-11-24T00:17:11Z
Major Change Type
Status Change
Price Change Timestamp
2025-10-26T19:06:59Z
Status Change Timestamp
2025-11-23
Under Contract Date
2025-10-29
Close Date
2025-11-21
Close Price
400000
Appraisal Waiver YN
Yes

More Information

Unit 1

Unit Number
5417
Actual Rent
1575
Unit SqFt
1300
Total Full Baths
Yes
Total Half Baths
Yes
Baths Total (Legacy)
1.5
Efficiency
Yes
Furnished
Furnished
Den
Yes
Kitchen
Yes
Living Room
Yes
Separate Dining
Yes
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Beautifully maintained 3-bedroom, 2.5-bath home featuring an open layout, modern kitchen, and a private backyard in a convenient Chattanooga location.

Unit 2

Unit Number
5413
Actual Rent
1800
Unit SqFt
1500
Total Full Baths
2
Total Half Baths
Yes
Baths Total (Legacy)
2.5
Efficiency
Yes
Furnished
Furnished
Den
Yes
Kitchen
Yes
Living Room
Yes
Separate Dining
Yes
Microwave
Yes
Refrigerator
Yes
Stove
Yes
Washer Dryer Hookups
Yes
Unit Remarks
Beautifully maintained 3-bedroom, 2-bath home featuring an open layout, modern kitchen, and a private backyard in a convenient Chattanooga location.

License Number Info

Listing Agent’s State of Licensure
TN
Listing Agent’s License Number
301898
Listing Office’s State of Licensure
TN
Listing Office’s License Number
265529

Documents

Listing Office: EXP Realty,LLC
Last Updated: November - 24 - 2025
Information deemed reliable but not guaranteed.
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