, Chattanooga, TN 37416 (MLS# 1522136)

Chattanooga, TN 37416

$400,000

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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

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

Appliances

Washer/Dryer: Yes

Architectural Style

Contemporary: Yes

Community Features

Other: Yes

Construction Materials

Vinyl Siding: Yes

Exterior Features

Other: Yes

Fencing

None: Yes

Listing Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA Loan: Yes

Lot Features

Paved: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Other: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Paved: Yes

Sewer

Septic Tank: Yes

Utilities

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

Water Source

Public: Yes

Cooling

Central Air: Yes

Foundation Details

Slab: Yes

Parking Features

Garage: Yes
Off Street: Yes

Structure Type

Duplex: Yes

Flooring

Laminate: Yes
Vinyl: Yes

Heating

Central: Yes

Roof

Shake: Yes
Shingle: Yes

Documents

TN Prop Cond Disc or Exempt: Yes

Documents

TN Prop Cond Disc or Exempt ›

Listing Office: EXP Realty,LLC

Last Updated: November - 24 - 2025

Information deemed reliable but not guaranteed.