Description
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 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: 4 townhomes 1 building Cleveland, TN Only 1 year old 100% occupied Approximately $7,000/month gross rental income Approximately $84,000/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.
Details
| MLS # | 1542149 |
|---|---|
| Listing Type | For Sale |
| HOA Dues | $600 |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2025 |
| Days On Site | 50 |
| Listing Provided By | Keller Williams Realty | Gina Shumway |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 12 |
| SQ Feet | 6,080 |
| Basement | Y |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.57 |
Interior
| Cooling | Central Air |
|---|---|
| Cooling Yes / No | Yes |
| Heating | Central |
| Heating Yes / No | Yes |
| Appliances | Dishwasher, Microwave, Oven, Refrigerator |
| Interior Features | Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Kitchen Island, Open Floorplan, Recessed Lighting |
| Fireplace Yes / No | No |
| Laundry Features | Laundry Closet |
| Basement | Unfinished |
Exterior
| Roof | Shingle |
|---|---|
| Lot Features | Paved |
| Construction Materials | Concrete, Hardi Plank Type, None |
| Foundation Details | Slab |
Parking
| Parking Features | Driveway, Garage |
|---|
Utilities
| Utilities | Electricity Connected, Sewer Connected, Water Connected |
|---|---|
| Sewer | Public Sewer |
| Water Source | Public |
| Owner Pays | Insurance, Taxes |
| Tenant Pays | Electricity, Sewer, Water |
Location
| Community Features | None |
|---|---|
| Senior Community Yes / No | No |
| Road Surface Type | Asphalt |
| Road Responsibility | Public Maintained Road |
| Association Amenities | Maintenance Grounds, Parking, Trash |
Taxes
| Tax Annual Amount | 8624 |
|---|---|
| Tax Legal Description | Lot 24 Part of Arbor Hills Subdivision |
Area Information
| State | TN |
|---|---|
| County | Bradley |
| City | Cleveland |
| Zip Code | 37323 |
| Area | Bradley |
| Community Name | Arbor Hills Townhomes |
| School District | Cleveland High |
| Elementary School | Blythe Bower Elementary |
| High School | Cleveland High |
| Listing VS Median (in Arbor Hills Townhomes) | |
Price: $1,100,000 low | high Med: $685,000 sqft: 6,080 low | high Med: 3,800 $ / sqft: $181 low | high Med: $179 On site: 50 low | high Med: 111.5 | |
Market Activity 37323
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Learn More About This Property
| State | TN |
|---|---|
| County | Bradley |
| City | Cleveland |
| Zip Code | 37323 |
| Area | Bradley |
| Community Name | Arbor Hills Townhomes |
| School District | Cleveland High |
| Elementary School | Blythe Bower Elementary |
| High School | Cleveland High |
| Listing VS Median (in Arbor Hills Townhomes) | |
Price: $1,100,000 low | high Med: $685,000 sqft: 6,080 low | high Med: 3,800 $ / sqft: $181 low | high Med: $179 On site: 50 low | high Med: 111.5 | |
