Prime New Construction Investment Opportunity! 1031 Exchange buyers welcome. The O Neal Residences feature 6 New Construction Homes, located just minutes to Downtown Chattanooga, University of Tennessee at Chattanooga, Area Hospitals, and all that Chattanooga has to offer on its Beautiful Waterfront. Carta Bus Line runs on O Neal St. Each homes features 3 bedrooms and 2.5 baths, hardwood floors, tiled showers, custom kitchens, solid surface counter tops, stainless steel appliances, high end trim detail and much more. Cap Rate calculate at 6 x $3,000.00 = $18,0000.00 per monthly rent with a 10% CapEx, and property taxes based on purchase price valuation, not yet determined by the County Assessors office.