45 Scruggs St, Chattanooga, TN 37403
Active $1,000,000
No Baths
-- Beds
5,134 SqFt
0 Acres
- Excellent investment opportunity in the heart of Chattanooga! This 6-unit apartment complex is ideally located less than a mile from Erlanger Hospital, UTC, and Downtown Chattanooga, putting tenants within minutes of some of the city’s largest employers, schools, restaurants, entertainment, and amenities. The property consists of six 2-bedroom, 1-bath units, all of which have been freshly updated and are ready for new tenants. Each unit includes a refrigerator, oven, and stove. Five of the six units are currently vacant by design, making the property easy to show and giving the next owner the opportunity to immediately select their own tenants and establish leases at current market rents. Estimated market rents are approximately $1,000–$1,100 per month per unit, offering potential gross rental income of approximately $6,000–$6,600 per month when fully occupied. With updated units, a highly convenient location, and the ability to place new tenants immediately, 45 Scruggs Street could be an excellent fit for a first-time multifamily investor, an experienced investor looking to add to their portfolio, or a 1031 Exchange buyer looking to identify a replacement property before year-end. Turnkey units, strong rental potential, and an outstanding Chattanooga location—all in one property.
- Year Built: 1954
- Air: Wall/Window Unit(s)
- Heat: Baseboard
- Water: Public
- Sewer: Public Sewer
MLS#: 3622471
Could this be the one?
Jayden Fortune,
Affiliate Broker, PARIS
731-535-4980
Jayden Fortune grew up in Weakley County and knows West Tennessee the way you learn a place when you've actually lived it. He came to Premier Realty Group straight out of college, where he earned an ...
What if this was home?
5,134 sq ft