USATNClevelandArbor Hills Townhomes19121914 1916 1918 1911 1913 1915 1917

19121914 , Cleveland, TN

Name: 19121914 , For Sale in Cleveland - Zoocasa
Brand: Greater Chattanooga Realty, Keller Williams Realty
SKU: 3541318
Price: 2200000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,200,000

000

MLS® 3541318

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 12160 sqft

Garage

Taxes $17,248

Days Active 3

Lot Size

Approx. Age 2025

Avg. Price Per Sqft $180

MLS® Number 3541318

Property Address: 19121914 1916 1918 1911 1913 1915 1917, Cleveland, TN, 37323

Average square foot calculated using Size range provided by listing agent.

Description

Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14, 000 in gross monthly rental income--$168, 000 annually--providing immediate cash flow from day one. 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

MLS® Number3541318

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age2025

Basement

DrivewayDetached, Driveway

Garage Spaces

HeatCentral

A/CCentral Air

Extras

Map

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