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

Cleveland, TN, 37323
$ 999,900
Baths0.0 Sq 4,948

Monthly Estimate*

$ 6,157

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

Multi-Family Home for sale in Cleveland, TN

for $999,900. 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

Property Type

Multi-Family

Taxes

$ 1,327

Style

Year Built

1997

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

3214706

Features
General
Living Area 4948
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Roof Shingle
Construction Materials Vinyl Siding Other
Year Built 1997
Tenant Pays Other
Stories Count 2
Levels Three Or More
County Bradley County TN
New Construction N
Property Type Residential Income
Attached Garage N
Status Active
Buyer Financing Conventional Seller Financing Other
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 High
City Cleveland
Senior Community Y/N N
Number Of Units Total 5
Lot Size Units Acres
Elementary School Mayfield Elementary
Year Built Details Existing
Tax Annual Amount 1327
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
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Interior
Flooring Laminate
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Above Grade Finished Area Unit Type Square Feet
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Exterior
Parking Features Concrete
Water Source Public
Total Parking 0
Building Area Total 4948
Waterfront Y/N N
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Internal Only
Street Number 1 2861
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* Excluded Features
List By
Re/Max Experience

Broker

sommeroder@remax.net

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
4313731 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History
DatePricePrice ChangeDescription
5/17/2026$999,900 Listed Price

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2861 Michigan Ave Road NE, Cleveland, TN, 37323 is a Multi-Family Home for sale at $999,900 with 4,948 sqft. 2861 Michigan Ave Road NE is a studio with 0.0 baths and was built in 1997. The property's zip code is 37323 which is in Cleveland, TN