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578 Withrow Road, Mc Donald, TN 37353

$599,000
  • 578 Withrow Road, Mc Donald, TN 37353 Main Photo

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New to the Market Active
BEDS8 BATHS SQUARE FEET3,888 MLS#1540695
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Don't miss this opportunity to own a cash-flowing 6-unit apartment building in desirable Bradley County--just minutes from I-75, Cleveland, and Chattanooga. The property is currently generating $4,047 per month in rental income with one vacant unit currently marketed for $850 per month, providing immediate upside for a new owner.The unit mix consists of two 2-bedroom, 1-bath units and four 1-bedroom, 1-bath units, offering a strong blend of unit types to attract a variety of tenants. Each unit is individually metered, with tenants paying their own utilities while the owner is responsible only for trash service, helping keep operating expenses low.Constructed with a low-maintenance brick exterior, this property is built for long-term durability and ease of ownership. Located outside the Cleveland city limits, owners benefit from county-only property taxes.With below-market rents and room to optimize income over time, this property offers an excellent value-add opportunity for both seasoned investors and those looking to expand their rental portfolio. Whether you're seeking immediate cash flow or long-term appreciation through improved rental performance, this is an investment worth adding to your portfolio.Note: there is one vacant unit that may be viewed. All other units to be viewed once under contract. Please do not disturb tenants. No sign on property.

578 Withrow Road | MLS# 1540695

This multi-family property located at 578 Withrow Road, Mc Donald, TN 37353 is currently listed for sale with an asking price of $599,000. Search Mc Donald real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Home Style: Ranch
Lot Size: 1.00 Acres
Taxes: $1,596
Year Built: 1972

Units

Unit Type 1:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $899.00
Unit Type 2:
Bedrooms: 1
Bathroom(s): 1.0
Rent: $750.00
Unit Type 3:
Bedrooms: 1
Bathroom(s): 1.0
Unit Type 4:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $800.00
Unit Type 5:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $749.00

Feature Descriptions

Appliances: Oven, Water Heater
Exterior: Brick
Flooring: Luxury Vinyl
Laundry: Electric Dryer Hookup, Washer Hookup
Lot Dimensions: 186x208x171x176
Parcel #: 056 11500 000
Parking: Asphalt, Off Street, Parking Lot
Patio/Porch: Front Porch
Tenant Pays: Electricity, Water
Utilities: Electricity Connected, Sewer Connected

Local Schools

High School: Ocoee Middle/High
Middle School: Ocoee Middle
Elementary School: Prospect Elementary

Listed By / Shown By

Listed By

Agency Name: Keller Williams Realty
Agency Phone: 423-664-1600

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: CARMLS

Estimate Your Payment

Estimated Payment

$ 1,640.82 per month $1,333.11 Principal & Interest $133.00 Property Tax $174.71 Homeowner's Insurance

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