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Contact Information

Roger Kennard
Sonlight Realty
58 Mouse Creek Rd NW
Cleveland TN 37312
423-650-06630 (H)
423-458-1300 Office
423-650-0630 (M)
877-248-1032 (F)
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Listing Details
MLS Number: 20220196
Property Type: Apartment Building
List Price: $649,000
For Sale/Rent: Sale
Street #: 6670
Street Name: Waterlevel Highway SE
Address 2:  
City: Cleveland
State: TN
Zip Code: 37323
Subdivision/Development: No Name
HOA Dues:  
HOA Frequency:  
Area: Bradley SE
Elementary School: Park View
Middle School: Lake Forest
High School: Bradley County
County: Bradley
Total Taxes: $2,849.62
Apx Lot Dimensions: 105, 415
Est Lot Size/Acres Range: 1-3 Acres
Apx Acres: 2.42
Subdivision: No
Display Address: Yes
Allow AVM: No
Allow Comments: Yes
Est Finished Total SqFt: 14400
Source SqFt: Owner
Est Year Built: 1975
Est Age Range: 26-50 Years
# 1 Bedroom Units: 4
1 Bedroom Estimated SqFt Each: 750
1 Bedroom Monthly Rental Each: 650
# 2 Bedroom Units: 1
2 Bedroom Estimated SqFt Each: 900
2 Bedroom Monthly Rental Each: 950
# 3 Bedroom Units: 1 (retail space)
3 Bedroom Estimated SqFt Each: 7200
3 Bedroom Monthly Rental Each: 1500-3500
# Efficiency Units: 6 (storage buildings)
Efficiency Estimated SqFt Each: 500
Efficiency Monthly Rental Each: 100
Accept Financing: Cash, Conventional
1 Bedroom Units: 1 Bath, Microwave, Balcony/Patio/Deck/Porch, Range/Oven, Refrigerator
2 Bedroom Units: 1 Bath, Microwave, Extra Storage, Balcony/Patio/Deck/Porch, Range/Oven, Refrigerator
3 Bedroom Units: 1 1/2 Baths, Extra Storage
Efficiency Units: Extra Storage
Construction: Brick
Number of Stories: Three Or More
Basement: Full
Floors: Carpet, Tile, Wood, Laminate
Heating: Electric, Central
Cooling/Air Conditioning: Central Air
Water: Public
Sewer: Septic Tank
Water Heater: Electric
Window Coverings: None
Features: Additional Storage, Garage/Carport, Common Laundry, Smoke Detectors
Owner Pays: Insurance, Electricity, Exterior Maintenance, Water, Taxes, Repairs
Possession: Negotiable
Directions to Property: From I-75 take Exit 20 in Cleveland, take APD 40 6.3 miles and merge onto US-64 East. Take US-64 East 6.4 miles and location is on your left. OR from US-411 merge onto US-64 West for 1 mile and location is on your left
Public Remarks: Looking for investment property? ALL REASONABLE OFFERS WILL BE CONSIDERED. This is a perfect opportunity. Currently this location is being used as a multipurpose retail/residential location. With 5 apartments, 4 1/1 ($2, 600) apartments and 1 2/1 ($950/month) apartment currently all leased. Retail location on a busy highway offers great walk in business. 1800 sq ft of office space as well as 4, 500 sq ft of warehouse space allows new investor to make maximum profits from this location. This property also offers 6 storage buildings ($600/month) currently leased out on the bottom floor. This commercial building offers over 14, 000 sq ft with an additional 4, 500 sq ft of warehouse space if the new owner decides to put in a second floor. Second floor is set up to add an additional 6 apartments with cutouts for doors and windows already in place around back. This building is 3 stories high with ground retail location ($1, 500-$3, 500/month) on the front side and 2 more floors on the back side. Currently everything is rented to max capacity. With 2.42 acres on a busy highway, located beside a busy convenience store, this property has a ton to offer with a new investor. Year round creek on back of property offers a nice location for residents to enjoy. Start earning profit right away and bring in return on your investment instantly.
Listing Office Name: Silver Key Realty-Athens
Listing Agent Name: Sean Helms