, 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

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.

More Information MLS# 1522136

Contract Information

Auction YN: No Equitable Ownership Interest Listing: No Current Price: $400,000 Sold Price: $400,000 Status: Closed Listing Contract Date: 2025-10-06 Property Sub Type: Duplex

Location, Tax, and Legal

Parcel Number: 120ca007 Office Exclusive: No Elementary School: Harrison Elementary Middle Or Junior School: Brown Middle High School: Central High School Tax Annual Amount: 1625 Tax Legal Description: Lt 1 James D Lee's Addition To Blue Oak Drive Pb58 Pg92 Deed Book: 13309 Deed Page: 136

General Property Information

Number Of Units Total: 2 Living Area: 2712 Living Area Source: Public Records Enhanced Accessible: No New Construction YN: No Lot Size Acres: 1 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 Year Built: 1998

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

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

Appliances

Washer/Dryer: 1

Architectural Style

Contemporary: 1

Community Features

Other: 1

Construction Materials

Vinyl Siding: 1

Exterior Features

Other: 1

Fencing

None: 1

Listing Terms

Cash: 1 Conventional: 1 FHA: 1 VA Loan: 1

Lot Features

Paved: 1

Possession

Close Of Escrow: 1

Road Frontage Type

Other: 1

Road Responsibility

Public Maintained Road: 1

Road Surface Type

Paved: 1

Sewer

Septic Tank: 1

Utilities

Cable Available: 1 Electricity Available: 1 Natural Gas Available: 1 Phone Available: 1 Sewer Available: 1 Water Available: 1

Water Source

Public: 1

Cooling

Central Air: 1

Foundation Details

Slab: 1

Parking Features

Garage: 1 Off Street: 1

Structure Type

Duplex: 1

Flooring

Laminate: 1 Vinyl: 1

Heating

Central: 1

Roof

Shake: 1 Shingle: 1

Unit 1

Unit Number: 5417 Actual Rent: 1575 Unit SqFt: 1300 Bedrooms: 2 Total Full Baths: 1 Total Half Baths: 1 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 Bedrooms: 3 Total Full Baths: 2 Total Half Baths: 1 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

TN Prop Cond Disc or Exempt: 1

Location Tax and Legal

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

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

Documents

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