*4 RENTAL UNITS BEING SOLD AS A PACKAGE* $252,500 FOR ENTIRE PACKAGE OUTSTANDING RENT ROLL (LONG-TERM, RELIABLE TENANTS WHO PAY ON TIME) -100% OCCUPIED -CAP RATE: over 11% TOTAL RENTAL INCOME FOR THIS PACKAGE: $33,469 NET OPERATING INCOME FOR THIS PACKAGE: $27,797 Package includes: -1600 Duke Lane, Chattanooga, TN 37421: This Duplex has 2 bedrooms 1 bath on each side, Vinyl Siding and Windows, and Central Heat/Air. Long Term Tenant on One side who pays rent on time. Newer tenant on other side who pays on time and has excellent credit score! Total Monthly Rent: $1470. -1308 N Orchard Knob Ave, Chattanooga, TN 37406 2 Bedroom 1 Bath, Vinyl Siding and Central Heat and Air. Long Term Tenant (nearly 5 years) who takes good care of the property. 100% of this rent is paid by an agency. Monthly Rent: $685 -2000 E 27th Street, Chattanooga, TN 37407 2 Bedroom 1 Bath, Large, Fenced Yard. Long-Term Tenant (over 9 years). Monthly Rent: $634 Please call 423-310-2165 for more information and Rent Roll. Sorry, No owner financing. Must have own financing or cash in place. Buyer to verify square footage. Owner/Agent.
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