1600/1610 Chippewa Avenue SE, Cleveland, TN 37311
- $195,000
- 5
- BD
- 4
- BA
- 2,934
- SqFt
- List Price
- $195,000
- Status
- ACTIVE
- MLS#
- 1508088
- Price Change
- ▼ $50,000 1787636266
- Style
- Ranch
- Bedrooms
- 5
- Bathrooms
- 4
- Living Area
- 2,934
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.
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Additional Information
- Exterior Features
- None
- Interior Features
- Eat-in Kitchen, See Remarks
- Roof
- Shingle
- Floors
- Laminate
- Heating
- Electric
- Cooling
- Window Unit(s)
- Sewer
- Public Sewer
- Water
- Public
- Elementary School
- Blythe-Bower Elementary
- Middle School
- Cleveland Middle
- High School
- Cleveland High
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Listing courtesy of K W Cleveland.