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1912/1914/ 1916/1918/1911/1913/1915/1917 Lane #Cypress, Cleveland, TN 37323

Cleveland
Local realty services provided by:CENTURY 21 BELLORA
1912/1914/ 1916/1918/1911/1913/1915/1917 Lane #Cypress,Cleveland, TN 37323
$2,200,000
  • 24 Beds
  • 24 Baths
  • 12,160 sq. ft.
  • Multi-family
  • Active
Listed by: gina shumway
Office: keller williams realty
MLS#:1542141
Source:TN_CAR

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$180.92
  • Monthly HOA dues:$50

About this home

Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income--$168,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units...

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Home facts

  • Year built:2025
  • Subdivision & Development:Arbor Hills Townhomes
  • Listing ID #:1542141
  • Added:8 day(s) ago
  • Updated:September 12, 2026 at 03:08 PM

Rooms and interior

  • Bedrooms:24
  • Total bathrooms:24
  • Full bathrooms:24
  • Flooring:Luxury Vinyl
  • Dining Description:Eat-in Kitchen
  • Kitchen Description:Eat-in Kitchen, Kitchen Island
  • Basement:Yes
  • Living area:12,160 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central, Heating
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2025
  • Building area:12,160 sq. ft.
  • Lot area:0.57 Acres
  • Construction Materials:Concrete, HardiPlank Type
  • Foundation Description:Slab
  • Levels:Two

Utilities

  • Water:Public, Water Connected
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$180.92
  • Tax amount:$17,248

Features and amenities

  • Amenities:Ceiling Fan(s), Granite Counters, High Ceilings, Open Floorplan, Recessed Lighting

Parking

  • Parking description:Driveway, Garage
  • Garage:Yes

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