7437 Private Lane, Ooltewah, TN 37363
- $1,700,000
- 22
- BD
- 16
- BA
- 4,984
- SqFt
- List Price
- $1,700,000
- MLS#
- 1541265
- Bedrooms
- 22
- Sq. Ft
- 4,984
- Acres
- 1.40
- Year Built
- 1980
- Subdivision
- Lee Acres
Property Description
16-unit multifamily investment opportunity in Ooltewah, Tennessee. Firefly Acres consists of two apartment buildings offering a mix of one- and two-bedroom units, with 94% occupancy and an established rental history. Units feature a combination of updates including LVT flooring, fresh paint, and washer/dryer hookups. The property provides an established income stream, with trailing 12-month total income of approximately $200,000. Additional upside exists through continued rent growth as leases renew and units turn, along with supplemental revenue from pet fees and other tenant charges. With 16 units concentrated in one location, Firefly Acres offers investors meaningful multifamily scale in the growing Ooltewah market. Financial statements, current rent roll, operating information, and additional due diligence materials are available to qualified buyers upon request. Please do not disturb tenants.
Additional Information
- Exterior
- Other
- Roof
- Shingle
- Basement
- Crawl Space
- Lot Description
- Level
- Cooling
- Central Air, Electric
- Heating
- Central, Electric
- Elementary School
- Snow Hill Elementary
- Middle School
- Hunter Middle
- High School
- Central High School
- Financing Available
- Cash, Conventional
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Listing courtesy of Keller Williams Realty.