The Harrison
Single Family
3
4.5
2732
Sqft
2014
$460,000
Purchase Price
$2,820
Rent / Mo
50%
Property Leverage
5776 Caney Ridge Circle, Ooltewah, TN 37363
About
The Harrison is a 3-bedroom, 3.5 bathroom, 2-story brick and stone home spanning 2,800 square feet. The home features a spacious kitchen with granite countertops, stainless steel appliances, and an island, a large primary bedroom on the main floor with a luxurious bathroom with a double vanity and tons of closet space, and a second floor with the other three bedrooms and a convenient bonus room. Also, the home has a finished basement designed for entertainment with a kitchenette and a full bath. Outside, you will find a screened-in first-floor porch with access to a covered patio and a fire pit, all of which have natural privacy thanks to mature pines.
Tenant Leasing Process
The time needed to sign the first tenant lease is variable and can depend on several factors including seasonality and whether the property requires any sort of renovation. Historically the average time to lease has been 45 days and has ranged from a minimum of 7 days to over 90 days. For more details on each status, check out the different rental statuses here.
Rented
Rental Status
This property is eligible to start receiving dividends after its first lease is signed.
The Market
Chattanooga, TN
The Chattanooga, Tennessee, real estate market is situated along the picturesque Tennessee River, defining itself as the state's fourth-largest city and earning the official nickname, the "Scenic City," owing to its breathtaking surroundings of mountains, ridges, and valleys. The real estate landscape in Chattanooga is influenced by the city's vibrant downtown, which boasts a diverse array of entertainment, dining, cultural, and architectural attractions. The Tennessee Aquarium, the Creative Discovery Museum, and the historic Walnut Street Bridge contribute to the city's cultural richness and serve as magnets for residents and visitors alike. Chattanooga's business scene includes notable entities such as Access America Transport, BlueCross BlueShield of Tennessee, CBL & Associates, The Chattanooga Bakery, and Sanofi. The city is home to the world's first Coca-Cola bottling plant. With its scenic beauty, cultural amenities, and a thriving business environment, the Chattanooga real estate market offers a compelling mix of lifestyle and investment opportunities.
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$305,860
Invested
100%
Funded
568
Investors