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2861 Michigan Avenue Rd NE, Cleveland, TN, 37323

--beds
0baths
4,948sqft
$999,900
$202price/sqft
$6,748/moest. monthly cost
$269,920/yrincome needed

About This Home

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.

Getting Around

12
WalkingCar-Dependent
0
TransitVery Limited Transit
16
BikeSomewhat Bikeable

Schools

5/10
4/10
Cleveland Middle SchoolGrades 6-84.5 mi
7/10
Cleveland High SchoolGrades 9-123.2 mi

Construction

Condition

  • Property condition: Functional
  • Year built: 1997

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Brick Veneer,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Other
  • Property subType: Quadruplex,Multi Family,Townhouse

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Refrigerator
  • Laundry features: Laundry Closet

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Features

  • Open Floorplan
  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 4,948

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 4,948
  • Total interior livable area: 4,948 sqft

Property

Details

  • Parcel number: 050l B 017.00
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Patio & porch: Deck
  • Exterior features: None
  • Fencing: None

Lot

  • Features: Cleared

Parking

  • Parking features: Concrete