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2861 Michigan Avenue Road Ne, Cleveland, TN 37323

$999,900
  • 2861 Michigan Avenue Road Ne, Cleveland, TN 37323 Main Photo

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Active
BEDS0 BATHS2 full 1 partial SQUARE FEET4,948 MLS#20260523
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants. This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability.Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms.Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare chance to acquire a stable, income-generating asset with built-in tenant base and financing flexibility. Financials available upon request.

2861 Michigan Avenue Road Ne | MLS# 20260523

This multi-family property located at 2861 Michigan Avenue Road Ne, Cleveland, TN 37323 is currently listed for sale with an asking price of $999,900. Search Cleveland real estate on www.clcommercialrealestate.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Central Air
Heating: Central
Home Style: Other
Roof Type: Shingle
Taxes: $1,327
Year Built: 1997

Feature Descriptions

Appliances: Dishwasher, Electric Range, Refrigerator
Community Features: None
Days on Site: 28
Exterior: None
Exterior: Brick Veneer, Vinyl Siding
Flooring: Laminate
Interior: Open Floorplan
Laundry: Laundry Closet
Lot: Cleared
Parcel Number: 050l B 013.00
Parking: Concrete
Sewer: Public Sewer
Tenant Pays: All Utilities
Units: 5
Utilities: Sewer Connected
Water: Public

Local Schools

High School: Cleveland
Middle School: Cleveland
Elementary School: Mayfield

Listed By / Shown By

Listed By

Agency Name: RE/MAX Experience

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: RCAR MLS

Estimate Your Payment

Estimated Payment

$ 2,627.56 per month $2,225.34 Principal & Interest $110.58 Property Tax $291.64 Homeowner's Insurance

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