2861 Michigan Ave RD NE, Cleveland, TN 37323
2861 Michigan Ave RD NE, Cleveland, TN 37323
2861 Michigan Ave RD NE, Cleveland, TN 37323
2861 Michigan Ave RD NE, Cleveland, TN 37323
2861 Michigan Ave RD NE, Cleveland, TN 37323
2861 Michigan Ave RD NE, Cleveland, TN 37323
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$ 899,900
Est. payment | /mo

4,948 SqFt


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$ 899,900
Est. payment | /mo
Save

4,948 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,948 sqft

Price per Sqft $181

MLS Listing ID 20264175

Style Other

Full Baths 2

Half Baths 1

Construction Status Functional

HOA Y/N No

Abv Grd Liv Area 4,948

Year Built 1997

Annual Tax Amount $1,392

Property Sub-Type Quadruplex

Source River Counties Association of REALTORS®

Property Description

Excellent investment opportunity to own a fully tenant-occupied 5-unit townhouse property in a desirable, high-demand location. Each spacious unit features 2 bedrooms and 1.5 bathrooms with a functional townhouse-style layout that offers comfortable living and strong tenant appeal. With all five units currently occupied, this turnkey property provides immediate rental income and has a strong rental history. Conveniently located near shopping, restaurants, schools, and other everyday amenities, the property is well positioned for continued rental demand and long-term investment potential. Partial owner financing is available, offering qualified buyers additional flexibility when structuring the purchase. Don't miss this opportunity to add a stable, income-producing multifamily property with an established tenant base to your investment portfolio. Financial information is available upon request.

Location

State TN

County Bradley

Direction From I-75 take Paul huff parkway all the way to Stuart Rd and continue all the way to Michigan Avenue. Take a right onto Michigan Avenue and the property is on the right.

Rooms

Basement Crawl Space

Interior

Interior Features Open Floorplan

Heating Central

Cooling Central Air

Flooring Laminate

Appliance Dishwasher, Electric Range, Refrigerator

Laundry Laundry Closet

Exterior

Exterior Feature None

Parking Features Concrete

Fence None

Community Features None

Utilities Available Sewer Connected

Roof Type Shingle

Porch Deck

Building

Lot Description Cleared

Dwelling Type Townhouse,Multi Family

Entry Level Two

Foundation Block

Sewer Public Sewer

Water Public

Architectural Style Other

New Construction No

Construction Status Functional

Schools

Elementary Schools Mayfield

Middle Schools Cleveland

High Schools Cleveland

Others

Tax ID 050l B 017.00

Miscellaneous Excellent investment opportunity to own a fully tenant-occupied 5-unit townhouse property in a desirable, high-demand location. Each spacious unit features 2 bedrooms and 1.5 bathrooms with a functional townhouse-style layout that offers comfortable living and strong tenant appeal. With all five units currently occupied, this turnkey property provides immediate rental income and has a strong rental history. Conveniently located near shopping, restaurants, schools, and other everyday amenities, the property is well positioned for continued rental demand and long-term investment potential. Partial owner financing is available, offering qualified buyers additional flexibility when structuring the purchase. Don't miss this opportunity to add a stable, income-producing multifamily property with an established tenant base to your investment portfolio. Financial information is available upon request.

Acceptable Financing Cash, Conventional, Owner May Carry

Listing Terms Cash, Conventional, Owner May Carry

Special Listing Condition Standard

Listed by RE/MAX Experience

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2075 N Ocoee St, Cleveland, TN 37311, USA
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2861 Michigan Ave RD NE