743 Broad Street

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30544000
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: See Agent
Building Size (RSF): 3,000 SF
Gross Building Area: See Agent
Sale Price: $259,000
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 12/30/2019

Overview / Comments

Great Investment Opportunity located right across the street from Lee University. Owner has taken well care of property with a few updates being new HVAC systems for each tenant. Currently being rented below market value so there is a opportunity for increase in Cash Flow without having to do any updates. Units include two 4 Bedroom Units and one 3 Bed 2 Bath Unit. Location is valuable to this property as it is right in the middle of downtown Cleveland. Sufficient parking lot located in front of home that supports all tenants and some. Additional potential unit in the basement.

Additional Details

Nearest MSA: Cleveland
County: Bradley
Tax ID/APN: 049M B 003.00 000
Percent Occupied: 100%
Property Located Between: Downtown 20th and 25th Street
Highway Access: I-75
Airports: Cleveland Regional Jet port
Site Description: Level lot, business district and with walking distance to Lee University
Area Description: Business district and with walking distance to Lee University
Total Number of Buildings: 1
Property Condition: Good
Number of Stories: 2
Year Built: 1920
Roof Type: Hip
Construction/Siding: Brick
Parking Type: Surface
Sprinklers: None
Heat Type: Electricity
Heat Source: Ceiling Units
Fuel: Electric
Air Conditioning: Other

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 9,691 42,503 65,239
Median Age: 29.37 35.77 36.82
Households: 3,607 16,580 25,161


Photograph of Listing Agent

Shawn Matthews

Coldwell Banker Kinard Realty Greater Chattanooga REALTORS® Member
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