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2861 Michigan Ave Road Ne, Cleveland, TN 37323

$899,900
  • 2861 Michigan Ave Road Ne, Cleveland, TN 37323 Main Photo

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New to the Market Active
BEDS0 BATHS2 full 1 partial SQUARE FEET4,948 MLS#20264175
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Excellent investment opportunity to own a fully tenant-occupied 5-unit townhouse property in a desirable, high-demand location. Each spacious unit features 2 bedrooms and 1.5 bathrooms with a functional townhouse-style layout that offers comfortable living and strong tenant appeal. With all five units currently occupied, this turnkey property provides immediate rental income and has a strong rental history. Conveniently located near shopping, restaurants, schools, and other everyday amenities, the property is well positioned for continued rental demand and long-term investment potential. Partial owner financing is available, offering qualified buyers additional flexibility when structuring the purchase. Don't miss this opportunity to add a stable, income-producing multifamily property with an established tenant base to your investment portfolio. Financial information is available upon request.

2861 Michigan Ave Road Ne | MLS# 20264175

This multi-family property located at 2861 Michigan Ave Road Ne, Cleveland, TN 37323 is currently listed for sale with an asking price of $899,900. Search Cleveland real estate on www.clhomes.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Crawl Space
Cooling: Central Air
Heating: Central
Home Style: Other
Roof Type: Shingle
Taxes: $1,392
Year Built: 1997

Feature Descriptions

Appliances: Dishwasher, Electric Range, Refrigerator
Community Features: None
Days on Site: 1
Exterior: None
Exterior: Brick Veneer, Vinyl Siding
Flooring: Laminate
Interior: Open Floorplan
Laundry: Laundry Closet
Lot: Cleared
Parcel Number: 050l B 017.00
Parking: Concrete
Sewer: Public Sewer
Tenant Pays: All Utilities
Units: 5
Utilities: Sewer Connected
Water: Public

Local Schools

High School: Cleveland
Middle School: Cleveland
Elementary School: Mayfield

Listed By / Shown By

Listed By

Agency Name: RE/MAX Experience

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: RCAR MLS

Estimate Your Payment

Estimated Payment

$ 2,381.26 per month $2,002.79 Principal & Interest $116.00 Property Tax $262.47 Homeowner's Insurance

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