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1600/1610 Chippewa Avenue SE, Cleveland, TN 37311

$195,000
: 5
BD
: 4
BA
: 2,934
SqFt

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List Price: $195,000
Price Change: ▼ $50,000 1787636266
MLS#: 1508088
Status: ACTIVE
Type: Multifamily
City: Cleveland
County: Bradley
Bedrooms: 5
Bathrooms: 4
Living Area: 2,934
Lot Size: 16,552
Year Built: 1990

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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. Owner Agent.

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Additional Information

Acres: 0.38
Appliances: Electric Water Heater
Cooling: Window Unit(s)
Exterior Features: None
Floors: Laminate
Living Area: 2,934
Lot Description: Level
Style: Ranch
Year Built: 1990