16001610 Chippewa Ave SE Cleveland, TN 37311
Estimated payment $1,342/month
Highlights
- No HOA
- Heating Available
- Property has 3 Levels
- Cooling System Mounted To A Wall/Window
About This Home
Turnkey Investment Portfolio - Fully Leased Multi-Building Property | Downtown Cleveland, TN
Rental income opportunity in the heart of Downtown Cleveland, Tennessee. This fully leased multi-building property sits on a corner lot with access to city utilities and recent upgrades throughout.
Recent renovations include:
•Newer roofs
•Updated plumbing
•Fresh interior and exterior paint.
Currently generating $3,000/month in rental income, this property offers immediate cash flow and long-term upside in a rapidly growing market.
Property Highlights:
•Fully leased with $3,000/month rental income
•City utilities (water, sewer, electric)
•Convenient downtown location near shopping, dining, Greenway and public services
•Ideal for investors seeking stabilized income with value-add potential.
Don't miss this turnkey investment in one of Tennessee's fastest-growing regions.
Listing Agent
Keller Williams Cleveland Brokerage Phone: 4238139800 License #337177 Listed on: 02/24/2025

Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $431
Year Built
- Built in 1990
Lot Details
- Lot Dimensions are 104' x 160'
Home Design
- Shingle Roof
Interior Spaces
- 2,934 Sq Ft Home
- Property has 3 Levels
- Laminate Flooring
Schools
- Blythe-Bower Elementary School
- Cleveland Middle School
- Cleveland High School
Utilities
- Cooling System Mounted To A Wall/Window
- Heating Available
Community Details
- No Home Owners Association
- 4 Units
Listing and Financial Details
- Rent includes water, electricity
- Assessor Parcel Number 057L U 00200 000
Map
Home Values in the Area
Average Home Value in this Area
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/01/2025 04/01/25 | For Sale | $245,000 | 0.0% | $84 / Sq Ft |
03/14/2025 03/14/25 | Pending | -- | -- | -- |
02/24/2025 02/24/25 | For Sale | $245,000 | -- | $84 / Sq Ft |
Source: Realtracs
MLS Number: 2795476

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