2861 Michigan Avenue Road NE Cleveland, TN $ 999,900
2861 Michigan Avenue Road NE
$ 999,900
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2861 Michigan Avenue Road NE

Cleveland, TN, 37323
$ 999,900
Baths2.1 Sq 4,948

Monthly Estimate*

$ 6,157

2861 Michigan Avenue Road NE, Cleveland, TN 37323 - Image 1
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2861 Michigan Avenue Road NE, Cleveland, TN 37323 - Image 20
Studio

Multi-Family Home for sale in Cleveland, TN

for $999,900 with 2 full baths, 1 half bath. This 4,948 square foot home was built in 1997.

Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants. This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability. Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms. Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare chance to acquire a stable, income-generating asset with built-in tenant base and financing flexibility. Financials available upon request.

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Multi-Family Active

Price

$ 999,900

Bedrooms

Studio

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 1,327

Style

Other

Year Built

1997

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

20260523

Features
General
Living Area 4948
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Sewer Connected
Possession Close Of Escrow Subject To Tenant Rights
Roof Shingle
Appliances Dishwasher Electric Range Refrigerator
Patio/Porch Features Deck
Architectural Style Other
Construction Materials Brick Veneer Vinyl Siding
Year Built 1997
Tenant Pays All Utilities
Levels Two
Property Subtype Duplex
Community Features None
County Bradley
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Garage Y/N false
Full Baths 2
Status Active
Directions From I-75 take Paul huff parkway all the way to Stuart Rd and continue all the way to Michigan Avenue. Take a right onto Michigan Avenue and the property is on the right.
High School Cleveland
City Cleveland
Number Of Units Total 5
Carport Y/N false
Listing Terms Cash Conventional Owner May Carry
Elementary School Mayfield
Tax Annual Amount 1327.08
Middle/Junior High School Cleveland
Property Condition Functional
Structure Type Townhouse Multi Family
Standard Status Active
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Interior
Interior Amenities Open Floorplan
Basement Crawl Space
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Half Baths 1
Laundry Features Laundry Closet
Total Baths 0
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Exterior
Exterior Amenities None
Fencing None
Parking Features Concrete
Lot Features Cleared
Water Source Public
Foundation Details Block
Road Frontage Type City Street
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* Excluded Features
List By
Sommer Oder

Listing Agent

Re/Max Experience

Broker

sommeroder@gmail.com

Email

Affordability Calculator

$6,267
Per Month
98%
2%
0%
Monthly Principal & Interest
$6,157
Monthly Property Taxes
$111
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
1963260 Elementary School
4785214 Middle School
Cleveland High School High School
Pricing History
DatePricePrice ChangeDescription
2/2/2026$999,900 Listed Price

Map


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2861 Michigan Avenue Road NE, Cleveland, TN, 37323 is a Multi-Family Home for sale at $999,900 with 4,948 sqft. 2861 Michigan Avenue Road NE is a studio with 2.1 baths and was built in 1997. The property's zip code is 37323 which is in Cleveland, TN