3730 Keri Lane NE Cleveland, TN $ 3,250,000
3730 Keri Lane NE
$ 3,250,000
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3730 Keri Lane NE

Cleveland, TN, 37312
$ 3,250,000
Baths0.0 Sq 22,320

Monthly Estimate*

$ 19,465

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Studio

Multi-Family Home for sale in Cleveland, TN

for $3,250,000. This 22,320 square foot home was built in 1978.

Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom condo apartments in a well-regarded residential area. This community benefits from its proximity to major employers like Whirlpool, Eaton Corp, Hardwick, and M&M Mars, contributing to Cleveland's ranking as the 5th Best Place in the U.S. for manufacturing careers. With new management at Grant Havens Condominiums, the property has been successfully stabilized, featuring numerous renovations and increased rental rates. This presents significant upside potential for investors, with the option to purchase the entire portfolio or select units.

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Multi-Family Contingent

Price

$ 3,250,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 33,600

Style

Year Built

1978

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

2710139

Features
General
Sewer Public Sewer
Heating Central Electric
Cooling Central Air
Utilities Electricity Available Water Available
Possession Close Of Escrow
Roof Shingle
Construction Materials Other
Year Built 1978
Stories 2
Levels Three Or More
County Bradley County TN
New Construction N
Property Type Residential Income
Attached Garage N
Contingency FIN
Subdivision Name Grant Havens Condominiums
Garage Y/N N
Status Under Contract - Showing
Buyer Financing Conventional Other
Directions Take Ocoee St. N to east onto Blythe Ferry Rd NE left onto Keri Lane NE on right
High School Cleveland High
City Cleveland
NumberOfUnitsTotal 24
Lot Size Units Acres
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Elementary School Mayfield Elementary
Property Attached Y/N N
Year Built Details EXIST
Tax Annual Amount 33600
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active Under Contract
Total Actual Rent 0
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Interior
Flooring Carpet Vinyl
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Asphalt Paved
Water Source Public
Total Parking 0
Building Area Total 22320
Lot Dimensions 196'X620'
Covered Spaces 0
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Internal Only
Street Number 1 3730
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* Excluded Features
List By
Keller Williams Cleveland

Broker

experiencetennessee@gmail.com

Email

Affordability Calculator

$22,265
Per Month
87%
13%
0%
Monthly Principal & Interest
$19,465
Monthly Property Taxes
$2,800
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4313731 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History
DatePricePrice ChangeDescription
9/30/2024$3,250,000 Listed Price

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3730 Keri Lane NE, Cleveland, TN, 37312 is a Multi-Family Home for sale at $3,250,000 with 22,320 sqft. 3730 Keri Lane NE is a studio with 0.0 baths and was built in 1978. The property's zip code is 37312 which is in Cleveland, TN