$245,000

16001610 Chippewa Ave SE Cleveland, TN 37311

Estimated payment $1,342/month

Total Views 10,522
-- Bed
-- Bath
2,934 Sq Ft
$84 Price per Sq Ft

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

William Eilf

Keller Williams Cleveland Brokerage Phone: 4238139800 License #337177 Listed on: 02/24/2025

Keller Williams Cleveland

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$431

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Year Built: 1990
  • Unit Levels: Three Or More
  • Building Stories: 1
  • Year Built Details: Existing
  • Attribution Contact: 4238139800
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Building Area Units: Square Feet
  • Living Area: 2934
  • Living Area Units: Square Feet

Exterior Features

  • Pool Private: No
  • Roof: Shingle
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Parking Features: Paved

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Utilities: Electricity Available, Water Available

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Size: 104' x 160'
  • Lot Size Units: Acres
  • Parcel #: 057L U 00200 000

Rental Info

  • Owner Pays: Water, Electricity, Other
  • HOA Rent Includes: Water, Electricity, Other

Multi Family

  • Above Grade Finished Area Units: Square Feet
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 431

MLS Schools

  • Elementary School: Blythe-Bower Elementary
  • High School: Cleveland High
  • Middle Or Junior School: Cleveland Middle

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Source: Realtracs

MLS Number: 2795476

Realtracs