1912/1914/ 1916/1918/1911/1913/1915/1917 LN Cleveland, TN 37323
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 12,160 sqft
Price per Sqft $180
Subdivision Arbor Hills Townhomes
MLS Listing ID 1542141
Bedrooms 24
HOA Fees $600/ann
Year Built 2025
Lot Size 0.570 Acres
Acres 0.57
Property Sub-Type Multi Family
Source Greater Chattanooga REALTORS®
Property Description
The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments.
Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area.
With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions.
Investment Highlights: 8 townhomes • 2 buildings • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $14,000/month gross rental income • Approximately $168,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access.
Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M
Location
State TN
County Bradley
Area 0.57
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Recessed Lighting
Heating Central
Cooling Central Air
Flooring Luxury Vinyl
Fireplace No
Appliance Refrigerator, Oven, Microwave, Dishwasher
Heat Source Central
Laundry Laundry Closet
Exterior
Parking Features Driveway, Garage
Garage Description Driveway, Garage
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Amenities Available Maintenance Grounds, Parking, Trash
Roof Type Shingle
Garage No
Building
Lot Description Paved
Story Two
Foundation Slab
Sewer Public Sewer
Water Public
Structure Type Concrete,HardiPlank Type
Schools
Elementary Schools Blythe-Bower Elementary
Middle Schools Cleveland Middle
High Schools Cleveland High
Others
HOA Fee Include Maintenance Grounds,Trash
Senior Community No
Tax ID 066h B 025.00
Acceptable Financing Cash
Listing Terms Cash
Pets Allowed Yes
GET MORE INFORMATION