Recently Listed New Construction 1912
Cleveland, TN, 37323 $ 1,100,000
Bedrooms12 Baths12.0 Sq 6,080 for $1,100,000 with 12 bedrooms and 12 full baths. This 6,080 square foot property was built on a lot size of 0.57.
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
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FeaturesInteriorInterior Amenities Ceiling Fan(s) Eat-in Kitchen Granite Counters High Ceilings Kitchen Island Open Floorplan Recessed Lighting
Basement Unfinished
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Laundry Features Laundry Closet
Total Bedrooms 12
Total Baths 12
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GeneralSewer Public Sewer
Heating Central
Cooling Central Air
Utilities Electricity Connected Sewer Connected Water Connected
Possession Close Of Escrow
Roof Shingle
Appliances Refrigerator Oven Microwave Dishwasher
HOA Fee 600.0
Garage Spaces 0.0
Association Fee Includes Maintenance Grounds Trash
Construction Materials Concrete HardiPlank Type None
Pets Allowed Yes
Year Built 2025
Tenant Pays Electricity Sewer Water
Levels Two
Property Subtype Multi Family
Community Features None
Assoc Fee Paid Per Annually
County Bradley
New Construction Y
Property Type Residential Income
Association Amenities Maintenance Grounds Parking Trash
HOA Y
Attached Garage Y
Subdivision Name Arbor Hills Townhomes
Garage Y/N Y
Status Active
High School Cleveland High
City Cleveland
Senior Community Y/N N
Number Of Units Total 4
Lot Size Units Acres
Lot Size Square Feet 24807.42
Carport Y/N N
Listing Terms Cash
Elementary School Blythe Bower Elementary
Land Lease Y/N N
Tax Annual Amount 8624.0
Home Warranty Y/N N
Current Financing Other
Middle/Junior High School Cleveland Middle
Property Condition Updated/Remodeled
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Multi Family
Standard Status Active
Legal Description Lot 24 Part of Arbor Hills Subdivision
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ExteriorParking Features Driveway Garage
Lot Features Paved
Water Source Public
Lot Size Area 0.57
Foundation Details Slab
Spa N
Building Area Total 6080.0
Lot Size Acres 0.57
Road Surface Type Asphalt
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility Public Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByKeller Williams RealtyBroker
gina@titangroupchatt.comEmail
NearbyAbout Cleveland, TN 45,839 Population
21% Since 2002
$ 40,715 Median Income
36.24 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
5454010 Elementary School
1547243 Middle School
Cleveland High High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/4/2026 | $1,100,000 | | Listed Price |