Multi-Family Investment in Cleveland
Multi-Family
for Sale
Catylist Listing ID: |
30621334 |
Property Subtypes: |
Duplex/Fourplex, Other
|
Number of Units: |
5 Units |
Building Size (RSF): |
3,584 SF |
Gross Building Area: |
See Agent |
Gross Land Area: |
0.46 Acres
|
Sale Price: |
$399,000 |
Unit Price: |
$79,800 Per Unit |
Property Use Type: |
Investment |
Sale Terms: |
Cash to Seller |
Cap Rate: |
Undisclosed |
Last Updated: |
4/14/2021 |
Overview / Comments
Cleveland is a fast growing community with new businesses moving into the area, new construction homes and various rental applications. This unique building has four one bedroom/one bath apartments and a restaurant leases the first level. The apartment rental income totals $3,575 monthly. The restaurant rents for $1,400 monthly and has maintained a steady income through the Covid pandemic. The utility costs average $550 monthly and are paid by the owner.
Located on Hwy 64, this location experiences a daily high traffic count.
|
Additional Details
Nearest MSA: |
Cleveland |
County: |
Bradley |
Tax ID/APN: |
058F C 013.00 000 |
Percent Occupied: |
100% |
Property Located Between: |
Dixie Drive and Cherokee Drive |
Highway Access: |
Property is located on Hwy 64. I-75 is less than 6 miles away. |
Area Description: |
Located on Hwy 64, the property has excellent visibility. The Cleveland area is a fast growing city with new businesses and new construction appearing everywhere. |
Total Number of Buildings: |
1 |
Property Condition: |
Fair |
Number of Stories: |
1 |
Year Built: |
1965 |
Construction/Siding: |
Block |
Parking Type: |
Surface |
Heat Source: |
Wall Units |
Water Service: |
Municipal |
Sewer Type: |
Municipal |
Demographic Statistics
Proximity: |
1 mile |
3 miles |
5 miles |
Total Population: |
1,268 |
36,325 |
65,815 |
Median Age: |
45.37 |
35.08 |
36.83 |
Households: |
521 |
13,778 |
25,324 |
© Copyright 2001-2020 Catylist. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Greater Chattanooga REALTORS® nor
Catylist Real Estate Software, Inc. assume any liability for errors or omissions.
|