1242 Ladd Springs Road Se, Cleveland, TN 37323

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Ben Bray & Associates
1242 Ladd Springs Road Se,Cleveland, TN 37323
$700,000
  • - Beds
  • - Baths
  • 8,814 sq. ft.
  • Multi-family
  • Active
Listed by: tammy johnson
Office: coldwell banker kinard realty
MLS#:3243081
Source:NASHVILLE

Price summary

  • Price:$700,000
  • Price per sq. ft.:$79.42

About this home

Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, 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...

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Home facts

  • Year built:1976
  • Subdivision & Development:None
  • Listing ID #:3243081
  • Added:150 day(s) ago
  • Updated:November 12, 2026 at 04:13 PM

Rooms and interior

  • Living area:8,814 sq. ft.

Heating and cooling

  • Cooling:Cooling
  • Heating:Heating

Structure and exterior

  • Year built:1976
  • Building area:8,814 sq. ft.
  • Construction Materials:ICFs (Insulated Concrete Forms)
  • Levels:1 Story

Schools

  • High school:Bradley Central High School
  • Middle school:Lake Forest Middle School
  • Elementary school:Waterville Community Elementary School

Utilities

  • Water:Public, Water Available
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$700,000
  • Price per sq. ft.:$79.42
  • Tax amount:$932

Features and amenities

  • Amenities:Smoke Detector(s)

Parking

  • Parking description:Asphalt
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