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Listed by Gina Shumway • Greater Chattanooga Realty, Keller Williams Realty
$ 1,100,000
Est. payment /mo
New
19121914 , 1916, 1918 Cypress Lane Cleveland, TN 37323
6,080 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,080 sqft
Price per Sqft $180
Subdivision Arbor Hills Townhomes
MLS Listing ID 3541325
HOA Fees $600/ann
HOA Y/N Yes
Year Built 2025
Annual Tax Amount $8,624
Property Description
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 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 available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
Location
State TN
County Bradley County
Interior
Heating Central
Cooling Central Air
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Other
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Other
New Construction true
Schools
Elementary Schools Blythe-Bower Elementary
Middle Schools Cleveland Middle
High Schools Cleveland High
Others
HOA Fee Include Maintenance Grounds,Trash
Senior Community false
Special Listing Condition Standard
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