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.
Listed By
Agency Name: Greater Chattanooga Realty, Keller Williams Realty
Agency Phone: 4236641600
Shown By
Agent Name: Michael Osborne
Agent Phone: (615) 397-5054
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 3,487.62 per month $2,448.12 Principal & Interest $718.67 Property Tax $320.83 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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19121914 ,1916, 1918 Cypress Lane | MLS# 3541325
This multi-family property located at 19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323 is currently listed for sale with an asking price of $1,100,000. Search Cleveland real estate on www.michaelosbornerealestate.com today.