$2,300,000
$2,300,000
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22,320 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $2,300,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 22,320 sqft
Price per Sqft $103
MLS Listing ID 2813696
Sold Date 04/04/25
HOA Y/N No
Year Built 1978
Annual Tax Amount $34,000
Lot Dimensions 196'X620'
Property Description
Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom apartments in a well-regarded residential area. This community benefits from its proximity to major employers like Whirlpool, Eaton Corp, Hardwick, and M&M Mars, contributing to Cleveland's ranking as the 5th Best Place in the U.S. for manufacturing careers. With new management at Grant Havens Condominiums, the property has been successfully stabilized, featuring numerous renovations and increased rental rates. This presents significant upside potential for investors.
Location
State TN
County Bradley County
Interior
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Vinyl
Fireplace N
Exterior
Utilities Available Electricity Available, Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Other
New Construction false
Schools
Elementary Schools Mayfield Elementary
Middle Schools Cleveland Middle
High Schools Cleveland High
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