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Listed by Gina Shumway • Greater Chattanooga Realty, Keller Williams Realty
$569,000
Est. payment /mo
3,888 SqFt
Active
578 Withrow Road Mc Donald, TN 37353
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Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,888 sqft
Price per Sqft $146
MLS Listing ID 3510979
HOA Y/N No
Year Built 1972
Annual Tax Amount $1,596
Lot Dimensions 186x208x171x176
Property Description
Don't miss this opportunity to own a cash-flowing 6-unit apartment building in desirable Bradley County--just minutes from I-75, Cleveland, and Chattanooga. The property is currently generating $4,047 per month in rental income with one vacant unit currently marketed for $850 per month, providing immediate upside for a new owner.
The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low.
Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes.
With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio.
Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.
The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low.
Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes.
With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio.
Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.
Location
State TN
County Bradley County
Interior
Heating Central
Cooling Central Air
Flooring Other
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Other,Brick
New Construction false
Schools
Elementary Schools Prospect Elementary School
Middle Schools Ocoee Middle School
Others
Senior Community false
Special Listing Condition Standard
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