Investment Opportunity In Cleveland

Multi-Family for Sale
Catylist Listing ID: 30434473
Property Subtypes: Duplex/Fourplex, Mixed Use, Other
Number of Units: 3 Units
Building Size (RSF): 2,500 SF
Gross Building Area: See Agent
Gross Land Area: 2.40 Acres
Sale Price: $509,000
Unit Price: $169,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 5/28/2019

Overview / Comments

MIxed use investment property. Property consist of a rental office and a rental house with 3BR 2BA that also includes a efficiency apartment in the lower level. There is also a detached 4 bay garage that could be rented as well. Bonus with this property is the additional land that lies between Dalton Pike and Kings Street just off 64 By-pass. The additional land would be an excellent location for multi-family units or storage units. Centrally located with easy access to I-75 or Dalton. Enjoy immediate cash flow while developing the additional land.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Taxing Authority: Cleveland / Bradley Co
Tax ID/APN: 065D B 012.02 000
Percent Occupied: 100%
Community Amenities: Outdoor Pool
Property Located Between: King Street and Dalton Pike
Highway Access: Just Off 64 By-pass
Site Description: level to gentle slope
Area Description: Commercial retail and Multi-Family
Total Number of Buildings: 3
Property Condition: Good
Number of Stories: 1
Roof Type: Gable
Construction/Siding: Brick/Vinyl Siding
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Central
Fuel: Electric
Air Conditioning: Package Unit
Internet Access: Cable, Fiber Optic
Zoning Description: Commercial Highway
Lot Frontage: 260
Lot Depth: 497
Water Service: Municipal
Sewer Type: Municipal
Legal Description: 065d B 012.02 Tax Map

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 5,616 31,059 55,231
Median Age: 33.48 33.69 36.03
Households: 2,010 11,846 21,260


Photograph of Listing Agent

Joe Lee

K W Cleveland Greater Chattanooga REALTORS® Member
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