1600/1610 Chippewa Avenue SE
Investor Rental Opportunity | 4 Units | $61,250/unit
Marketing description
4 Unit Multi-building Portfolio -- Downtown Cleveland, TN
Corner lot • Renovations throughout. • $2,130/month total in place for 3 units (4th unit being rehabbed, to be rented for $1,100/month).
This is the kind of deal investors look for: already leased, recently renovated multi-building property in the heart of Downtown Cleveland generating monthly rental income from day one. Minimize lease-up risk with stabilized cash flow in a market that continues to grow. The property sits on a corner lot with full city utilities -- water, sewer, and electric. Downtown Cleveland's trajectory, combined with the property's walk-to-everything location near shopping, dining, the Greenway, and public services, gives a future owner real room to grow rents as the market matures. Whether you're building a portfolio or adding a low-maintenance income property to an existing one, this checks the boxes.
Investment highlights
- Renovations throughout all occupied units
- One unit being actively rehabbed - lease at $1,100/month on completion
- Convenient location downtown Cleveland
- Corner lot - maximum visibility, dual access points
- Full city utilities - water, sewer, and electric in place
- Walk-to-everything location - shopping, dining, Greenway, public services
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