BEDS0
BATHS
SQUARE FEET4,948
MLS#3510679
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.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Roof Type: Shingle
Stories: 2.0
Taxes: $1,393
Year Built: 1997
Feature Descriptions
Days on Site: 3
Exterior: Vinyl Siding, Other
Flooring: Laminate
Parcel#: 050L B 01700 000
Parking: Concrete
Parking Notes: Concrete
Sewer: Public Sewer
Units: 5
Utilities: Water Available
Water: Public
Local Schools
High School: Cleveland High
Middle School: Cleveland Middle
Elementary School: Mayfield Elementary
Listed By / Shown By
Listed By
Agency Name: RE/MAX Experience
Agency Phone: 4237903086
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: Nashville MLS
Estimate Your Payment
Estimated Payment
$ 2,381.34 per month $2,002.79 Principal & Interest $116.08 Property Tax $262.47 Homeowner's InsuranceChange Payment Information
Crye-Leike is a full-service real estate company founded in Memphis in 1977. Today it is ranked #4 in the nation and the largest real estate company serving markets in Tennessee, Arkansas, Georgia, Mississippi. Crye-Leike has a network of more than 2,800+ licensed sales associates, 600+ staff members and over 130+ branch and franchise offices located throughout a seven state region of Alabama, Arkansas, Florida, Georgia, Kentucky, Mississippi, and Tennessee. Crye-Leike also has a franchise location in Puerto Rico.
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2861 Michigan Ave Road Ne | MLS# 3510679
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.