721715 Ladd Avenue Chattanooga, TN 37405
5,648 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,648 sqft
Price per Sqft $221
Subdivision Valhambrosia
MLS Listing ID 3512784
HOA Y/N No
Year Built 2016
Annual Tax Amount $13,231
Lot Dimensions 50 X 140
Property Description
Exceptional opportunity to own four fully leased townhome-style units in one of North Chattanooga's most desirable rental markets. Built in 2016, this well-maintained investment includes 715, 717, 721, and 723 Ladd Ave, offering modern construction, low-maintenance ownership, and immediate rental income.
Each of the four units features 3 bedrooms, 2.5 bathrooms, a one-car garage, and a private deck, providing spacious, contemporary living that continues to attract quality tenants.
All four units are currently leased, creating stable rental income:
• 715 Ladd Ave: $1,950/month through 1/31/2027
• 717 Ladd Ave: $2,195/month through 3/18/2027
• 721 Ladd Ave: $1,995/month through 5/3/2027
• 723 Ladd Ave: $2,024/month through 6/18/2027
The property is currently generating $8,164 in monthly rental income, with a compelling value-add opportunity for the next owner. As existing leases expire, comparable market rents of approximately $2,400 per unit present the potential to increase gross monthly rental income to roughly $9,600, making this an attractive investment with both immediate income and future upside.
Ideally located just minutes from downtown Chattanooga, the property benefits from consistently strong rental demand thanks to its proximity to restaurants, shopping, entertainment, major employers, hospitals, and the area's renowned outdoor recreation.
Whether you're looking to expand your portfolio or complete a 1031 exchange, this rare four-door investment offers scale, stability, and long-term appreciation potential in one of Chattanooga's most desirable rental markets.
Please do not disturb tenants. Showings are by appointment only. Contact the Listing Agent for additional information or to schedule a showing.
Location
State TN
County Hamilton County
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Wood, Tile
Fireplace N
Exterior
Garage Spaces 2.0
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Fiber Cement
New Construction false
Schools
Elementary Schools Red Bank Elementary School
Middle Schools Red Bank Middle School
High Schools Red Bank High School
Others
Senior Community false
Special Listing Condition Standard
