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.
Under contract - showing
$245,000
16001610 Chippewa Ave SE, Cleveland, TN 37311
--beds
--baths
2,934sqft
Est.:
Multi Family
Built in 1990
-- sqft lot
$-- Zestimate®
$84/sqft
$-- HOA
What's special
Newer roofsCorner lot location
- 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#: 2795476

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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