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3730 Keri Lane NE

Cleveland, TN 37312
  • $3,250,000
  • STATUS: Active
  • ON SITE: 48 Days
  • MLS #: RTC2704386
$3,250,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 22,320
    SQFT
  • $146
    $/SQFT
Type:
Multi-Family
Built:
1978
County:

School Information

Elementary School:
Middle School:
High School:

Description

Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom condo apartments in a well-regarded residential area. This community benefits from its proximity to major employers like Whirlpool, Eaton Corp, Hardwick, and M&M Mars, contributing to Cleveland's ranking as the 5th Best Place in the U.S. for manufacturing careers. With new management at Grant Havens Condominiums, the property has been successfully stabilized, featuring numerous renovations and increased rental rates. This presents significant upside potential for investors, with the option to purchase the entire portfolio or select units.

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Milam Group at Fridrich & Clark Realty, (615) 414-9069). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Milam Group at Fridrich & Clark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-11-04T00:05:48.727.

Based on information submitted to the MLS GRID as of 2024-11-04T00:05:48.727. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
www.themilamgroup.com/homes/155263143
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3730 Keri Lane NE Cleveland, TN 37312

  • Price: $3,250,000
  • Status: Active
  • On Site: 48 Days
  • MLS #: RTC2704386
0
Beds
0
Baths
0
½ Baths
N/A
Acres
22,320
SQFT
$146
$/SQFT
1978
Built
Neighborhood:
Grant Havens Condominiums
County:
Bradley
Elementary School:
Mayfield Elementary
Middle School:
Cleveland Middle
High School:
Cleveland High
Property Description
Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom condo apartments in a well-regarded residential area. This community benefits from its proximity to major employers like Whirlpool, Eaton Corp, Hardwick, and M&M Mars, contributing to Cleveland's ranking as the 5th Best Place in the U.S. for manufacturing careers. With new management at Grant Havens Condominiums, the property has been successfully stabilized, featuring numerous renovations and increased rental rates. This presents significant upside potential for investors, with the option to purchase the entire portfolio or select units.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Materials Brick Covered Spaces 0 Garage YN No Levels One Lot Size Dimensions 87120 sf Open Parking Spaces 48 Parking Features Parking Lot Parking Total 48 Roof Shingle View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 22320 Cooling Central Air Cooling YN Yes Fireplace YN No Flooring CarpetVinyl Heating CentralElectric Heating YN Yes

Property Features

Association YN No Building Area Total 22320 Buyer Financing Conventional Gross Income 318960 Inclusions OTHER Net Operating Income 268698 New Construction YN No Operating Expense 50262 Pool Private YN No Property Attached YN Yes Sewer Public Sewer Special Listing Conditions Standard Stories 2 Tax Annual Amount 33600 Tax Lot #1-24 Total Actual Rent 2190 Water Source Public Year Built Details EXIST Zoning Multifamil

Realtracs Solutions logo Offered by Keller Williams Cleveland: 4238139800. Copyright 2024 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Milam Group at Fridrich & Clark Realty, (615) 414-9069). IDX information © 2024 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Milam Group at Fridrich & Clark Realty. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2024-11-04T00:05:48.727.

Based on information submitted to the MLS GRID as of 2024-11-04T00:05:48.727. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Click here for MLS GRID DMCA Notice
 
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The Milam Group at Fridrich & Clark Realty
5200 Maryland Way, Ste.101
Brentwood TN, 37027