1600/1610 Chippewa Avenue SE, Cleveland, TN 37311

$195,000

Price: $195,000
Acres: 0.38 of an acre
Beds: 5
Sq Ft: 2,934
County: Bradley
Type: Quadruplex
MLS #: 1508088

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About This Property

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.

Listing courtesy of K W Cleveland. Listing agent: William Eilf.