2043 WYNWOOD DR NW, CLEVELAND, TN 37311-1167

18-Unit Multifamily Investment Opportunity in Cleveland, TN

Exceptional opportunity to acquire an 18-unit multifamily portfolio at 2043 Wynwood Dr NW, Cleveland, TN 37311. Offered at $1,600,000, this income-producing property consists of three apartment buildings with a diverse unit mix designed to attract a broad tenant base.

The property features 6 two-bedroom units, 10 one-bedroom units, and 2 studio apartments. Currently, 16 of the 18 units are occupied, providing immediate cash flow while the two vacant units offer an opportunity to increase occupancy and boost returns.

The property is currently generating $13,430 in gross monthly rental income, with significant upside remaining. Based on current market rental rates of approximately $1,025 for two-bedroom units, $915 for one-bedroom units, and $850 for studio apartments, there is an opportunity to increase gross monthly income to an estimated $16,000–$17,000 per month through lease renewals, strategic rent adjustments, and full occupancy.

Whether you're looking to expand an existing portfolio or acquire a value-add multifamily investment with strong income potential, this property offers an attractive combination of immediate cash flow and future appreciation. Conveniently located in Cleveland with easy access to shopping, dining, employment centers, and major transportation routes, this investment is well-positioned to benefit from continued demand in one of Southeast Tennessee's growing rental markets.

Don't miss this opportunity to own an 18-unit apartment community with both stable income and substantial upside potential.

The property consists of three buildings located at 2043 Wynwood Dr NW, 2042 Wynwood Dr NW, and 2049 Wynwood Dr NW. Each building is on its own parcel.

Contact us today for additional information.