Has Tenants - Needs Buyer! - Don't miss out on this investment Opportunity - The multi-family property hosts 4 separate apartments. The perfect income producing property. All 4 units are 1 bedroom/1 bath units. Owner currently pays for water/sewer, gas, electric, and taxes which are included in the rent. Current rental rates: $695, $500, $650, $650. Unit #1 lease is up 8/31/23, Unit#2 and #4 are month-to-month. Unit #3 is vacant. Utilities are paid by owner and come out to average of $100 per month per unit. Insurance is $2200 per year. Taxes are $810 per year currently. Property is subject to tenant rights. Property is being sold "As Is".
Sold for $235,000 on 12/01/23
$235,000
1811 S Ocoee St, Cleveland, TN 37311
--beds
0baths
2,400sqft
Mixed Use, Multi Family
Built in 1955
-- sqft lot
$264,700 Zestimate®
$98/sqft
$1,075 Estimated rent
Owner options
What's special
Zillow last checked: 10 hours ago
Listing updated: September 21, 2024 at 09:07pm
Listed by:
Dennis Opp 423-240-0231,
EXIT Provision Realty,
Betty Hiefnar-Messer 423-595-8970,
EXIT Provision Realty
Bought with:
Mary Norton, 321492
RE/MAX Real Estate Professionals
Source: RCAR,MLS#: 20230008
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Electric
Cooling
- Electric
Features
- Basement: None
Interior area
- Total structure area: 2,400
- Total interior livable area: 2,400 sqft
Property
Features
- Levels: Two
- Stories: 2
Lot
- Dimensions: 53 x 151 x 52 x 150
Details
- Parcel number: 057K J 017.00 000
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Mixed Use, Multi Family
Condition
- Year built: 1955
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Cleveland
Other
Other facts
- Listing terms: Cash,Conventional
Sell with ease on Zillow
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$264,700
2% more+$5,294
With Zillow Showcase(estimated)$269,994