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For sale
  • Price cut: $50K (7/29)
    $999,900

    2861 Michigan Avenue Rd NE, Cleveland, TN 37323

    --beds
    0baths
    4,948sqft
    : 
    Apartment, Multi Family, Townhouse
    Built in 1997
    -- sqft lot
    $933,700 Zestimate®
    $202/sqft
    $-- HOA

    What's special

    Spacious layouts
    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.
    100 days
    on Zillow
    |
    80
    |
    5
    |

    Zillow last checked: 7 hours ago

    Listing updated: July 28, 2025 at 05:56pm

    Listed by:

    Sommer Oder 423-790-6592,

    RE/MAX Experience 423-790-3086

    Source: RCAR,MLS#: 20251946MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 2861 Michigan Avenue Rd NE.

    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    • Full bathrooms: 1
    • 1/2 bathrooms: 1
    Heating
    • Central
    Cooling
    • Central Air
    Appliances
    • Included: Dishwasher, Electric Range, Refrigerator
    • Laundry: Laundry Closet
    Features
    • Open Floorplan
    • Flooring: Laminate
    • Basement: Crawl Space
    Interior area
    • Total structure area: 4,948
    • Total interior livable area: 4,948 sqft
    • Finished area above ground: 4,948
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Concrete
    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck
    • Exterior features: None
    • Fencing: None
    Lot
    • Features: Cleared
    Details
    • Additional parcels included: 050L B 017.00, 050L B 014.00, 050L B 015.00, 050L B 016.00, 050L B 017.00
    • Parcel number: 050l B 01300 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Other
    • Property subtype: Apartment, Multi Family, Townhouse
    Materials
    • Brick Veneer, Vinyl Siding
    • Foundation: Block
    • Roof: Shingle
    Condition
    • Functional
    • New construction: No
    • Year built: 1997

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Connected

    Community & HOA

    Community
    • Features: None
    HOA
    • Has HOA: No
    Location
    • Region: Cleveland

    Financial & listing details

    • Price per square foot: $202/sqft
    • Tax assessed value: $97,800
    • Annual tax amount: $5,755
    • Date on market: 5/2/2025
    • Listing terms: Cash,Conventional,Owner May Carry
    • Tenant pays: All Utilities
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