2861 Michigan Ave Road NE 1-5, Cleveland, TN 37323
- $999,900
- List Price
- $999,900
- Status
- ACTIVE
- Days on Market
- 117
- MLS#
- 20261783
- Subtype
- Residential Income
- Style
- Other
- Year Built
- 1997
- Full Baths
- 2
Property Description
Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants. This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability. Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms. Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare chance to acquire a stable, income-generating asset with built-in tenant base and financing flexibility. Financials available upon request.
Additional Information
- Interior Features
- Open Floorplan
- Exterior Features
- None
- Property Description
- Other
- Flooring
- Laminate
- Appliances
- Dishwasher, Electric Range, Refrigerator
- Heating
- Central
- Air Conditioning
- Central Air
- Levels
- Two
- Foundation
- Block
- Elementary School
- Mayfield
- Middle School
- Cleveland
- High School
- Cleveland
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Listing courtesy of RE/MAX Experience.