900 Stratford Cir NW - Apartments FOR SALE


Cleveland, TN 37312
$1,150,000 USD
423-400-1984
900 Stratford Cir NW, Cleveland, TN for Sale
$1,150,000 USD
Apartments - FOR SALE
1/31
null | 4.66% Cap Rate

900 Stratford Cir NW
Cleveland, TN 37312


OVERVIEW

SIX Units - Each Unit consists of 2 bedrooms, 1.5 bathrooms, approximately 1,090 square feet. Located in charming, and fast growing Cleveland, TN, less than 10 minutes from Lee University and walkable to Publix and the local mall, these units will have no problems maintaining occupancy. Current rental rates are below market value. The six units included in this portfolio have been well maintained, and have consistently remained leased. Units are walkable to shopping, dining, and less than 5 miles to nearby universities. On site parking, reasonable HOA rates that cover lawn, roof, trash collection, and other maintenance. FOUR of the six units are all in one building. The other 2 are in separate buildings.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$177 USD /SF

# OF UNITS

6

PRICE/UNIT

$191,667

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,435 SF

ZONING

-

APN/PARCEL ID

034I-B-036.00,034I-B-045.00,034I-B-049.00,034I-B-050.00,034I-B-051.00

ASK ABOUT THIS PROPERTY

Jeff DodsonKW CommercialMore Info
423-400-1984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jeff DodsonKW CommercialMore Info
423-400-1984

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.