563 Central AVE Cleveland, TN 37311
12 Beds
6 Baths
5,184 SqFt
UPDATED:
02/05/2025 10:51 PM
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
Originating Board Greater Chattanooga REALTORS®
Year Built 1984
Lot Size 1.000 Acres
Acres 1.0
Lot Dimensions 53x209x51x209
Property Sub-Type Mixed Use
Property Description
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
Fireplace No
Appliance Electric Range
Exterior
Exterior Feature Other
Parking Features Asphalt, Off Street, Parking Lot
Garage Description Asphalt, Off Street, Parking Lot
Utilities Available Electricity Connected, Water Connected
Garage No
Building
Lot Description Level
Faces From Keith & 25st, head south on 25th to N. Ocoee St, turn right onto N. Ocoee Street, in 1.3 miles turn left onto Central Avenue, in 0.5 miles destination is on the left Central Avenue and Dooley Street (No sign on property)
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
Senior Community No
Tax ID 057d F 009.00
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional