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615855 Brown Avenue NW

Cleveland, TN 37311
  • $7,500,000
  • STATUS: Active
  • ON SITE: 22 Days
  • MLS #: RTC2694226
Price Reduced
UPDATED: 45 min ago
$7,500,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 46,848
    SQFT
  • $160
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1996
County:

School Information

Elementary School:
Middle School:
High School:

Description

Rare find with great income potential, stabilized and value add makes these 56 units in 8 buildings comprised of 24 one-bedroom, 24 two-bedroom and 8 three-bedroom apartments located in Cleveland, Tennessee. Close to key amenities including shopping and restaurants. Located near Lee University, this building will attract tenants looking for a vibrant downtown lifestyle. The property offers low maintenance landscaping, as well as 32 new decks overlooking the City of Cleveland Greenway.

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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 2024-09-13T23:05:47.39.

Based on information submitted to the MLS GRID as of 2024-09-13T23:05:47.39. 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/153881216
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615855 Brown Avenue NW Cleveland, TN 37311

  • Price: $7,500,000
  • Status: Active
  • On Site: 22 Days
  • Updated: 45 min ago
  • MLS #: RTC2694226
0
Beds
0
Baths
0
½ Baths
N/A
Acres
46,848
SQFT
$160
$/SQFT
1996
Built
Neighborhood:
None
County:
Bradley
Elementary School:
Arnold Memorial Elementary
Middle School:
Cleveland Middle
High School:
Cleveland High
Property Description
Rare find with great income potential, stabilized and value add makes these 56 units in 8 buildings comprised of 24 one-bedroom, 24 two-bedroom and 8 three-bedroom apartments located in Cleveland, Tennessee. Close to key amenities including shopping and restaurants. Located near Lee University, this building will attract tenants looking for a vibrant downtown lifestyle. The property offers low maintenance landscaping, as well as 32 new decks overlooking the City of Cleveland Greenway.
Exterior Features

Attached Garage YN No Carport Spaces 0 Carport YN No Construction Materials Vinyl Siding Covered Spaces 0 Garage YN No Levels Two Parking Features Paved Parking Total 0 Roof Shingle View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 31232 Below Grade Finished Area 15616 Cooling Central Air Cooling YN Yes Fireplace YN No Flooring CarpetLaminateVinyl Heating CentralElectric Heating YN Yes

Property Features

Association YN No Building Area Total 46848 Buyer Financing ConventionalOther Gross Income 702720 Inclusions OTHER Net Operating Income 606630 New Construction YN No Operating Expense 96090 Pool Private YN No Property Attached YN Yes Security Features Smoke Detector(s) Sewer Public Sewer Special Listing Conditions Standard Stories 3 Tax Annual Amount 35843 Total Actual Rent 3035 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 2024-09-13T23:05:47.39.

Based on information submitted to the MLS GRID as of 2024-09-13T23:05:47.39. 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