16001610 Chippewa Avenue #SE, Cleveland, TN 37311
16001610 Chippewa Avenue #SE, Cleveland, TN 37311
16001610 Chippewa Avenue #SE, Cleveland, TN 37311
16001610 Chippewa Avenue #SE, Cleveland, TN 37311
16001610 Chippewa Avenue #SE, Cleveland, TN 37311
16001610 Chippewa Avenue #SE, Cleveland, TN 37311
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Listed by William Eilf • Keller Williams Cleveland
$ 245,000
Est. payment | /mo

2,934 SqFt


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$ 245,000
Est. payment | /mo
Save

2,934 SqFt

Key Details

Property Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,934 sqft

Price per Sqft $83

MLS Listing ID 2795476

HOA Y/N No

Year Built 1990

Annual Tax Amount $431

Lot Dimensions 104' x 160'

Property Description

4 Unit multi-building portfolio -- Downtown Cleveland, TN. Corner lot • Recent renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month).

This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. No lease-up risk, just stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a portfolio or adding a low-maintenance income property to an existing one, this checks the boxes.

Location

State TN

County Bradley County

Interior

Heating Electric

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplace N

Exterior

Utilities Available Electricity Available, Water Available

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 1

Sewer Public Sewer

Water Public

New Construction false

Schools

Elementary Schools Blythe-Bower Elementary

Middle Schools Cleveland Middle

High Schools Cleveland High

Others

Senior Community false

Special Listing Condition Standard

RealTracs IDX

Schools and Properties Nearby

Danielle Sloan

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16001610 Chippewa Avenue #SE