1912/1914/ 1916/1918/1911/1913/1915/1917 Lane, Unit 0
Property Description
Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income--$168,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 8 townhomes - 2 buildings - Cleveland, TN - Only 1 year old - 100% occupied - Approximately $14,000/month gross rental income - Approximately $168,000/year gross rental income - Low HOA dues - Exterior maintenance covered by HOA - Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same. Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M
Broker Details
Keller Williams Realty (423) 664-1600
MLS ID: 15784 State License Number: TN373412
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,200,000 |
| No. of Units: | 8 |
| Year Built: | 2025 |
| Lot Size: | 12,160.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $275,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 24 |
| Number of Bathrooms: | 24 |
ID: 3yd-CARTN-1542141
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