Nathan Cate
BEDS0
BATHS
SQUARE FEET5,134
MLS#3622471
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONChandlers
Property Description
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Baseboard
Lot Size: 0.37 Acres
Roof Type: Metal
Stories: 1.0
Taxes: $10,916
Year Built: 1954
Feature Descriptions
Days on Site: 15
Exterior: Brick
Flooring: Laminate
Laundry: Washer Hookup
Lot Dimensions: 126X128.2
Parcel#: 136O B 012
Security: Smoke Detector(s)
Sewer: Public Sewer
Units: 6
Utilities: Water Available
Water: Public
Local Schools
High School: Howard School Of Academics Technology
Middle School: Orchard Knob Middle School
Elementary School: Orchard Knob Elementary School
Listed By / Shown By
Listed By
Agency Name: Benchmark Realty, LLC
Agency Phone: 6153711544
Shown By
Agent Name: Nathan Cate
Agent Phone: (865) 660-7191
Agency Title: Franklin Realty Inc.
Estimate Your Payment
Estimated Payment
$ 6,690.12 per month $5,517.95 Principal & Interest $909.67 Property Tax $262.50 Homeowner's InsuranceChange Payment Information
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
45 Scruggs St | MLS# 3622471
This multi-family property located at 45 Scruggs St, Chattanooga, TN 37403 is currently listed for sale with an asking price of $900,000. Search Chattanooga real estate on ncate.franklinrealty.com today.