1600/1610 Chippewa AVE, Cleveland, TN 37311
1600/1610 Chippewa AVE, Cleveland, TN 37311
1600/1610 Chippewa AVE, Cleveland, TN 37311
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$245,000
Est. payment /mo
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5 Beds
4 Baths
2,934 SqFt
Active

1600/1610 Chippewa AVE Cleveland, TN 37311

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Steve Dorsa

Steve Dorsa

+1(423) 463-7336

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,934 sqft

Price per Sqft $83

MLS Listing ID 1508088

Style Ranch

Bedrooms 5

Year Built 1990

Lot Size 0.380 Acres

Acres 0.38

Property Sub-Type Quadruplex

Source Greater Chattanooga REALTORS®

Property Description

Multi-building 4 unit portfolio -- Downtown Cleveland, TN. Corner lot • Recent 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. No lease-up risk, just 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.

Location

State TN

County Bradley

Area 0.38

Interior

Interior Features Eat-in Kitchen, See Remarks

Heating Electric

Cooling Window Unit(s)

Flooring Laminate

Fireplace No

Appliance Electric Water Heater

Heat Source Electric

Laundry See Remarks

Exterior

Exterior Feature None

Parking Features Paved

Garage Description Paved

Community Features None

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Porch Front Porch

Garage No

Building

Lot Description Level

Faces Take APD 40 and turn onto Spring Place Road SE to 18th St SE. Turn right onto Chippewa Ave SE units are on the right

Story One

Foundation See Remarks

Sewer Public Sewer

Water Public

Architectural Style Ranch

Structure Type Other

Schools

Elementary Schools Blythe-Bower Elementary

Middle Schools Cleveland Middle

High Schools Cleveland High

Others

Senior Community No

Tax ID 057i U 00200 000

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

Greater Chattanooga Association of REALTORS(GCAR MLS)
Listed by K W Cleveland

NEARBY SCHOOL & BUSINESS

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Steve Dorsa
Steve Dorsa

Lookout Living Team Lead | License ID: 324396

+1(423) 463-7336 | lookoutliving@gmail.com

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1600/1610 Chippewa AVE