Description
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
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12BEDS
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0.57ACRES
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0BATHS
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01/2 BATHS
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6,080SQFT
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$181$/SQFT
School Information
Description
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
1912, 1914 ,1916, 1918 Cypress Lane Cleveland, TN 37323
Property Description
Architectural Style [] Attached Garage YN Yes Construction Materials ConcreteHardiPlank TypeNone Exterior Features [] Fencing [] Foundation Details Slab Garage YN Yes Lot Features Paved Other Structures [] Parking Features DrivewayGarage Patio And Porch Features [] Pool Features [] Roof Shingle Roof Shingle Yes Spa YN No Structure Type Multi Family View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances RefrigeratorOvenMicrowaveDishwasher Basement Unfinished Basement YN No Building Area Total 6080 Cooling Central Air Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring [] Heating Central Heating YN Yes Interior Features Ceiling Fan(s)Eat-in KitchenGranite CountersHigh CeilingsKitchen IslandOpen FloorplanRecessed Lighting Laundry Features Laundry Closet Levels Two Window Features []
Additional Parcels YN No Association Amenities Maintenance GroundsParkingTrash Association Fee 600 Association Fee Frequency Annually Association YN2 Yes Auction YN2 No Community Features None Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms Cash New Construction YN Yes Other Equipment [] Property Sub Type Multi Family Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions [] Structure Type Multi Family Yes Tax Annual Amount 8624 Utilities Electricity ConnectedSewer ConnectedWater Connected Utilities Sewer Connected Yes Water Source Public
Listing information © 2026 The Multiple Listing Service of Chattanooga, Inc.
Listing courtesy of Keller Williams Realty: 423-664-1600.
