563 Central AVE Pending Save Request In-Person Tour Request Virtual Tour
Cleveland,TN 37311
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Pending
Purchase Type For Sale
Square Footage 5,184 sqft
Price per Sqft $269
MLS Listing ID 1505498
Bedrooms 12
Full Baths 6
Year Built 1984
Lot Size 1.000 Acres
Property Sub-Type Mixed Use
Property Description
Turn-Key 12-Unit Apartment Complex | High-Yield Investment with 7%+ Cap Rate
2 Buildings - 563 Central Ave NE and 385 Dooley St
This fully renovated 12-unit apartment complex is an ideal income-generating property, offering a strong return and excellent tenant appeal. Divided into two buildings—563 Central Ave and 385 Dooley St—each building houses six well-designed units.
Tenants pay rent weekly, ensuring steady cash flow and maximizing revenue.
Renovations Completed in 2020. Both interiors and exteriors have been modernized for low-maintenance operation.
Each unit offers approximately 406 sq. ft., featuring a living room, kitchen, bathroom, and a spacious bedroom with a closet.
Every unit is equipped with its own heat/air system, range, and refrigerator.
Conveniently located just minutes from Lee University and downtown Cleveland, this property offers easy access to schools, shops, restaurants, and entertainment, making it a top choice for renters.
With its high cap rate, modern updates, and strategic location, this property is a perfect addition to any investor's portfolio.
Call for financials and more information!
Location
State TN
County Bradley
Area 1.0
Interior
Cooling Ductless
Flooring Laminate,Linoleum
Exterior
Exterior Feature Other
Parking Features Asphalt,Off Street,Parking Lot
Garage Description Asphalt, Off Street, Parking Lot
Utilities Available Electricity Connected,Water Connected
Building
Lot Description Level
Foundation Combination
Sewer Public Sewer
Water Public
Structure Type Vinyl Siding
Schools
Elementary Schools Arnold Elementary
Middle Schools Cleveland Middle
High Schools Cleveland High
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional