BEDS8
BATHS
SQUARE FEET2,200
MLS#1533096
STATUSContingent
PROPERTY TYPEMulti Unit - Multiple
SUBDIVISIONCleveland Land Imp
Property Description
It's almost impossible to find a 8.5 Cap rate investment property these days. This 4-unit, two bedroom, one bath quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.
Property Features
Property Type: Multi Unit - Multiple
Basement: Crawl Space, Full
Cooling: Ductless
Heating: Ductless, Separate Meters
Home Style: Ranch
Lot Size: 0.38 Acres
Taxes: $2,056
Year Built: 1983
Units
Unit Type 1:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1000.00
Square Footage: 550
Unit Type 2:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $895.00
Square Footage: 550
Unit Type 3:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1000.00
Square Footage: 550
Unit Type 4:
Bedrooms: 2
Bathroom(s): 1.0
Rent: $1000.00
Square Footage: 550
Feature Descriptions
Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
Common Amenities: None
Days on Site: 13
Exterior: Block, Vinyl Siding
Exterior Amenities: None
Flooring: Luxury Vinyl
Interior Amenities: Tub/shower Combo, Ceiling Fan(s), Granite Counters, Kitchen Island
Laundry: In Kitchen, Main Level, Washer Hookup
Lot: Cleared, Level, Rectangular Lot
Lot Dimensions: 73x220x74x225
Parcel #: 057e F 023.00
Parking: Driveway, Gravel
Tenant Pays: Cable TV, Electricity, Hot Water, Pest Control, Sewer, Water
Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Windows: Double Pane Windows, Insulated Windows, Vinyl Frames
Local Schools
High School: Cleveland High
Middle School: Cleveland Middle
Elementary School: Arnold Elementary
Listed By / Shown By
Listed By
Agency Name: Bender Realty
Agency Phone: 423-472-2173
Shown By
Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666
Source: CARMLS
Estimate Your Payment
Estimated Payment
$ 1,329.26 per month $1,023.76 Principal & Interest $171.33 Property Tax $134.17 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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555 Wildwood Avenue | MLS# 1533096
This multi-family property located at 555 Wildwood Avenue, Cleveland, TN 37311 is currently listed for sale with an asking price of $460,000. Search Cleveland real estate on www.clhomes.com today.