1242 Ladd Springs Road SE Cleveland, TN $ 800,000
1242 Ladd Springs Road SE
$ 800,000
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1242 Ladd Springs Road SE

Cleveland, TN, 37323
$ 800,000
Baths1.0 Sq 8,814

Monthly Estimate*

$ 5,051

1242 Ladd Springs Road SE, Cleveland, TN 37323 - Image 1
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Studio

Multi-Family Home for sale in Cleveland, TN

for $800,000 with 1 full bath. This 8,814 square foot home was built in 1976.

Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring eight fully occupied one-bedroom apartments and a central retail space, all conveniently located on one level. The property is designed with four apartment units on each side of the retail space, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied

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Multi-Family Active

Price

$ 800,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 931

Style

Ranch

Year Built

1976

Town/City

Cleveland

County/Region

Bradley

MLS | Web ID

20263102

Features
General
Living Area 8814
Sewer Septic Tank
Utilities Water Connected Sewer Not Available Cable Available Electricity Connected
Possession Close Of Escrow Rental Agreement Subject To Tenant Rights
Roof Pitched
Appliances Electric Range Refrigerator
Patio/Porch Features None
Architectural Style Ranch
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Block Concrete
Pets Allowed No
Year Built 1976
Tenant Pays All Utilities
Levels One
Property Subtype Apartment
Community Features None
County Bradley
New Construction false
Property Type Residential Income
HOA false
Attached Garage false
Garage Y/N false
Full Baths 1
Status Active
Directions Spring place to left on Ladd Springs property will be on your left
High School Bradley Central
City Cleveland
Number Of Units Total 8
Carport Y/N false
Listing Terms Cash Conventional
Elementary School Waterville
Tax Annual Amount 931.65
Middle/Junior High School Lake Forest
Property Condition Functional
Structure Type Warehouse Retail Multi Family
Standard Status Active
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Interior
Interior Amenities Ceiling Fan(s)
Basement None
Flooring Luxury Vinyl
Window Features Other
Half Baths 0
Laundry Features Other
Total Baths 0
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Exterior
Exterior Amenities None
Fencing None
Parking Features Asphalt
Lot Features Level
Water Source Public Well
Foundation Details Slab
Road Surface Type Asphalt
Waterfront Y/N false
Road Frontage Type County Road
Road Responsibility Public Maintained Road
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* Excluded Features
List By
Tammy Johnson

Listing Agent

Coldwell Banker Kinard Realty

Broker

tnrealestate4u@hotmail.com

Email

Affordability Calculator

$5,129
Per Month
98%
2%
0%
Monthly Principal & Interest
$5,051
Monthly Property Taxes
$78
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
0 Elementary School
4137253 Middle School
Bradley Central High School High School
Pricing History
DatePricePrice ChangeDescription
6/15/2026$800,000 Listed Price

Map


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1242 Ladd Springs Road SE, Cleveland, TN, 37323 is a Multi-Family Home for sale at $800,000 with 8,814 sqft. 1242 Ladd Springs Road SE is a studio with 1.0 baths and was built in 1976. The property's zip code is 37323 which is in Cleveland, TN