38 Units in Excellent Cleveland TN location. 8.3% CASH ON CASH, Built 1985, below market rents. 8 Cap on Actual Financials. 5 XGRM, $35.43/ft, $20,921/unit. Priced to sell. Current Tax Appraisal $838,500. Good Unit Mix with 24-1BR+1BA, and 14-2BR+1BA. Well located to downtown and local shopping. Located just 35 minutes from downtown Chattanooga and 20 minutes from the Volkswagen Mfg Plant. No sign. Square footage from tax records, is not guaranteed & should be verified by buyer.
INVESTORS TAKE NOTE! Two properties - one price! Highland Avenue property was built in 1967 and has 10 units (5 up and 5 down). 4th Street property was built in 1968 and has 8 units (4 up and 4 down). Rent rate ranges from $335 to $400. Last year has had 90% occupancy rate. Monthly income $6670. Convenient to schools, shopping, restaurants, library and the Greenway.
INVESTORS TAKE A LOOK! Great income property close in. Two buildings with a total of 12 units. Each has 1 bedroom/1 bath, all on one level. Convenient to Lee University. All brick, newer roof on both buildings. Total monthly income when full $4450. Averaging 94% occupancy rate.
Apartment Complex with 12 units. Great investor or rental property. Already tenant occupied and ready to go. Gross Rental Income $3,600 a month for 12 units. Owner pay $60/month per unit for utilities . Each unit rents for $360 a month.
2 bedroom/2 bath single level living and garage. Owner occupied unit (472) has hardwood (living room & kitchen) and tile (bathrooms) flooring and a half unfinished basement. Tenant occupied unit (470) has carpet and vinyl flooring.
Live on one side and lease the other side of this incredible full brick duplex. Amenities include an attached one car garage, unfinished basement for future expansion or storage, and a large level yard to play or enjoy backyard bar-b-que! Other amenities include walk in closets, screened porch, spacious bedrooms, and is conveniently located to I-75 and Cleveland shopping too!