2545 McCallie Ave, Chattanooga, TN 37404

The Glenwood neighborhood is an investor's dream. It is every bit as desirable and close to downtown as Highland Park, but 4 or 5 years behind in its maturation. Glenwood, like Highland Park is one of the oldest of Chattanooga's five Eastern neighborhoods and is seeing a great amount of influx of young professionals and refurbishing of properties. Ride this wave of higher appreciation!!! Also important is that this property sits on one of the two biggest arteries into to downtown...McCallie Ave with its many convenient travel options from walking and bike lanes to driving and frequent bus service. The apartment complex is about a 10 minute bike ride to Chattanooga's Southside restaurant/craft brewery/club action. Desirable apartment/duplex complex completely remodeled over the last year with a roof top patio for the Tenants to enjoy. There are three 2 bedrooms -1 bath, and four 1 bedroom - 1 bath apartments. There is one duplex with 2 bedroom - 2 1/2 bath unit on each side. Landlord pays the water, sewer, and internet. Both units were wired with commercial internet service during renovation. Each building has a single network so Tenants do not need their own router. The owners are under a HOME Program which ends in approximately 3 years +/-. 6% cap rate Contact agent to request financials.  « show less

The Glenwood neighborhood is an investor's dream. It is every bit as desirable and close to downtown as Highland Park, but 4 or 5 years behind...  show more »