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1600/1610 Chippewa Avenue SE, Cleveland, TN 37311

$195,000
: 5
BD
: 4
BA
: 2,934
SqFt

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List Price: $195,000
Price Change: ▼ $50,000 1787636266
MLS#: 1508088
Bedrooms: 5
Sq. Ft: 2,934
Acres: 0.38
Year Built: 1990

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Property Description

4 Unit multi-building portfolio -- Downtown Cleveland, TN. Corner lot • Recent renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month). This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. No lease-up risk, just stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a portfolio or adding a low-maintenance income property to an existing one, this checks the boxes. Owner Agent.

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Additional Information

Style: Ranch
Exterior: Other
Interior: Eat-in Kitchen, See Remarks
Roof: Shingle
Floors: Laminate
Foundation: See Remarks
Appliances: Electric Water Heater
Exterior Features: None
Community Features: None
Lot Description: Level
Cooling: Window Unit(s)
Heating: Electric
Elementary School: Blythe-Bower Elementary
Middle School: Cleveland Middle
High School: Cleveland High
Financing Available: Cash, Conventional