4514/ 4516 Oakland Avenue

Description

Discover an exceptional investment opportunity with these newly constructed townhomes, designed to generate consistent income in a thriving, up-and-coming area. This property features two separate 3-bedroom, 2.5-bathroom units, each offering modern comforts and excellent rental potential. These properties bring in an impressive average of $5,916 per month over a 12-month period. One townhome is currently rented on a two-year lease for $2,500 per month, while the other operates as a fully furnished short-term vacation rental (STVR). All furnishings for the STVR will convey but are subject to negotiation with any sale, offering the next owner a turnkey solution for maintaining this high-performing rental. The owner has made several improvements to enhance the property, including professional landscaping and the addition of fencing in the backyard, further increasing its value and appeal to tenants. Both townhomes are thoughtfully designed with a modern aesthetic and high-quality finishes, including a contemporary color palette, stainless steel appliances, granite countertops, and a large kitchen island. Durable LVL flooring, ceiling fans, and a charming covered back deck add to the comfort and functionality of these units. Each townhome includes an open-concept great room, an eat-in kitchen, and a sizable one-car garage. Built with energy efficiency in mind, these properties are EPB Smart Build certified, ensuring lower utility costs and long-term savings. Located on the edge of St. Elmo and just minutes from Chattanooga's vibrant Southside and downtown, this property offers incredible convenience. Tenants will enjoy proximity to a variety of local shops, grocery stores, restaurants, entertainment venues, and major employers, making it an attractive option for both long-term and short-term renters. This turnkey investment offers an amazing rate of return and the opportunity to capitalize on the growth of Chattanooga's real estate market. Whether you're a seasoned investor or looking to break into the market with a strong-performing property, 4514/4516 Oakland Avenue is a rare find. Don't miss your chance to own this high-performing asset in one of Chattanooga's most promising areas. Schedule your showing today!