Investment opportunity includes 12 properties that together make a total of 13 rental units located throughout the East Brainerd and surrounding area. Situated just outside of Chattanooga, East Brainerd offers attractive homes, a convenient location, a top tier school system and excellent livability for its residents. Interstate-75 runs directly down the middle of the community and provides easy access to all major suburbs of the city. East Brainerd is densely populated by major retailers as well as Tennessee’s largest shopping destination – Hamilton Place Mall.
East Brainerd median real estate prices are $158,632, which is more expensive than 78.5% of the neighborhoods in Tennessee and 49.0% of the neighborhoods in the U.S. Average rental prices in East Brainerd are currently $761/month, based on Neighborhood Scout’s exclusive analysis. The average rental cost in this neighborhood is higher than 84.0% of the neighborhoods in Tennessee.
In East Brainerd, the current vacancy rate is 3.5%, which is a lower rate of vacancies than 84.8% of all neighborhoods in the U.S. This means that the housing supply in East Brainerd is very tight compared to the demand for property here. Future owner should have no problem finding tenants to occupy any of these properties.
These rental homes are in being sold in a package deal priced at $1,100,000 that the Bankruptcy trustee is liquidating for a Chapter 7 bankruptcy. The sale is subject to approval by the bankruptcy trustee and the bankruptcy judge. Future owner should have no problem finding tenants to occupy any of these properties. Property reports are available for qualified buyers. Properties are currently managed by Greyhaven Property Management.