6 Unit 2 Bedroom/1 Bath Multi-Family Cleveland TN

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30726155
Status: Pending
Number of Units: 6 Units
Building Size (RSF): 4,320 SF
Gross Building Area: See Agent
Gross Land Area: 0.28 Acres
Sale Price: $350,000
Unit Price: $58,333.33 Per Unit
In Opportunity Zone? Yes
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/13/2021

Overview / Comments

Rare Opportunity to find quality small multi family apartment for sale in Cleveland TN! All 6 units were fully rehabbed last year. The last four photos are one of the basement units. All 6 Units are 2 Bedroom/1 Bath. Seller is self managing at the moment. Gross Rental Income is 3700 a month, with the seller paying $1600 a year for property insurance and about 200-250 a month for the sewer bill. Units are on separate electric meters.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 057L S 009.00 000
Zoning: R2
Percent Occupied: 100%
Property Condition: Good
Number of Stories: 2
Year Built: 1982
Year Renovated: 2020
Construction/Siding: Block
Parking Description: Gravel Lot on the Bottom.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Central, Wall Units
Fuel: Electric
Air Conditioning: Package Unit
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,231 37,980 56,212
Median Age: 32.5 35.25 36.17
Households: 2,788 14,752 21,659


Photograph of Listing Agent

Andrew Shevchuk

Keller Williams Realty Greater Chattanooga REALTORS® Member
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