$1,397,400
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563 Central Avenue NE Cleveland, TN 37311
Mixed Use
Residence
12
Beds
6
Baths
...
Bed/Bath
5,184
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
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Turn-Key 12-Unit Apartment Complex High-Yield Investment with 7%+ Cap Rate 2 Buildings - 563 Central Ave NE and 385 Dooley St This fully renovated 12-unit apartment complex is an ideal income-generating property, offering a strong return and excellent tenant appeal. Divided into two buildings—56...3 Central Ave and 385 Dooley St—each building houses six well-designed units. Tenants pay rent weekly, ensuring steady cash flow and maximizing revenue. Renovations Completed in 2020. Both interiors and exteriors have been modernized for low-maintenance operation. Each unit offers approximately 406 sq. ft., featuring a living room, kitchen, bathroom, and a spacious bedroom with a closet. Every unit is equipped with its own heat/air system, range, and refrigerator. Conveniently located just minutes from Lee University and downtown Cleveland, this property offers easy access to schools, shops, restaurants, and entertainment, making it a top choice for renters. With its high cap rate, modern updates, and strategic location, this property is a perfect addition to any investor's portfolio. Call for financials and more information!
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MLS#
1505498
Property Type
Mixed Use
Bedrooms
12
Bathrooms
Year Built
1984
Square Feet
5,184
sq. ft
Price per Sq. Ft.
$269.56
Lot Size
1
Sewer
Other, Public Sewer
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