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Under contract - showing
  • $245,000

    16001610 Chippewa Ave SE, Cleveland, TN 37311

    --beds
    --baths
    2,934sqft
    : 
    Multi Family
    Built in 1990
    -- sqft lot
    $-- Zestimate®
    $84/sqft
    $-- HOA

    What's special

    Newer roofsCorner lot location
    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.
    163 days
    on Zillow
    |
    52
    |
    8
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 27, 2025 at 06:03pm

    Listing Provided by:

    William Eilf 423-813-9800,

    Keller Williams Cleveland 423-303-1200

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 2795476MLS Logo
    Travel times

    Facts & features

    Interior

    Heating
    • Electric
    Cooling
    • Wall/Window Unit(s)
    Features
    • Flooring: Laminate
    Interior area
    • Total structure area: 2,934
    • Total interior livable area: 2,934 sqft

    Property

    Parking
    • Parking features: Paved
    Features
    • Levels: Three Or More
    • Stories: 1
    Lot
    • Size: 0.38 Acres
    • Dimensions: 104' x 160'
    Details
    • Parcel number: 057L U 00200 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1990

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Water Available

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $84/sqft
    • Annual tax amount: $431
    • Date on market: 2/25/2025
    • Electric utility on property: Yes
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