Recently Listed New Construction 19121914 1916 1918 1911 1913 1915 1917
Cleveland, TN, 37323 $ 2,200,000
Bedrooms12 Baths12.0 Sq 12,160 Monthly Estimate*
$ 13,891
for $2,200,000 with 12 bedrooms and 12 full baths. This 12,160 square foot home was built in 2025.
Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income--$168,000 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: 8 townhomes • 2 buildings • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $14,000/month gross rental income • Approximately $168,000/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. Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M
See more
FeaturesGeneralLiving Area 12160
Sewer Public Sewer
Heating Central
Cooling Central Air
Utilities Water Available
Possession Close Of Escrow
Roof Other
HOA Fee 600
Garage Spaces 0
Association Fee Includes Maintenance Grounds Trash
Construction Materials Other
Year Built 2025
Tenant Pays Electricity Other Water
Stories Count 2
Levels Two
Assoc Fee Paid Per Annually
County Bradley County TN
New Construction Y
Property Type Residential Income
Attached Garage N
Subdivision Name Arbor Hills Townhomes
Garage Y/N N
Rent Includes Other
Status Active
Buyer Financing Other
High School Cleveland High
City Cleveland
Senior Community Y/N N
Number Of Units Total 8
Lot Size Units Acres
Elementary School Blythe-Bower Elementary
Year Built Details New
Tax Annual Amount 17248
Middle/Junior High School Cleveland Middle
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Total Actual Rent 7085
See more
InteriorFlooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Below Grade Finished Area Unit Type Square Feet
Below Grade Finished Area Source Other
Above Grade Finished Area Source Other
Above Grade Finished Area Unit Type Square Feet
See more
ExteriorParking Features Detached Driveway
Water Source Public
Total Parking 0
Building Area Total 12160
Lot Dimensions 0
Waterfront Y/N N
Covered Spaces 0
See more
* Excluded FeaturesList ByGreater Chattanooga Realty, Keller Williams RealtyBroker
gina@titangroupchatt.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,891
- Monthly Property Taxes
- $1,437
- 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.
Learn more about how to save NearbyMulti-family listings in Cleveland, TN
Average List Price $643,637
Percent of Sale Price 71%
About 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.
4331549 Elementary School
4313908 Middle School
Cleveland High High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/4/2026 | $2,200,000 | | Listed Price |