2,934 SqFt
2,934 SqFt
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,934 sqft
Price per Sqft $83
MLS Listing ID 20250802
Style Ranch
Full Baths 4
Construction Status Fixer,Functional
HOA Y/N No
Abv Grd Liv Area 2,934
Year Built 1990
Annual Tax Amount $431
Lot Dimensions 104' x 160'
Property Sub-Type Quadruplex
Source River Counties Association of REALTORS®
Property Description
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
Direction Take APD 40 and turn onto Spring Place Road SE to 18 th St SE. Turn right onto Chippewa Ave SE units are on the right
Rooms
Basement None
Interior
Interior Features See Remarks, Eat-in Kitchen
Heating Electric
Cooling Window Unit(s)
Flooring Laminate
Appliance Electric Water Heater
Laundry See Remarks
Exterior
Exterior Feature None
Parking Features Paved
Community Features None
Utilities Available Water Connected, Sewer Connected, Electricity Connected
View Y/N false
Roof Type Shingle
Porch Front Porch
Building
Lot Description Level
Entry Level One
Foundation See Remarks
Sewer Public Sewer
Water Public
Architectural Style Ranch
New Construction No
Construction Status Fixer,Functional
Schools
Elementary Schools Blythe-Bower
Middle Schools Cleveland
High Schools Cleveland
Others
Tax ID 057l U 00200 000
Miscellaneous Multi-building 4 unit 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.
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard