2861 Michigan Avenue Road Ne, Cleveland, TN 37323

Cleveland
Local realty services provided by:Better Homes and Gardens Real Estate Signature Brokers
2861 Michigan Avenue Road Ne,Cleveland, TN 37323
$999,900
  • - Beds
  • 3 Baths
  • 4,948 sq. ft.
  • Multi-family
  • Active
Listed by: sommer oder
Office: re/max experience
MLS#:20260523
Source:TN_RCAR

Price summary

  • Price:$999,900
  • Price per sq. ft.:$202.08

About this home

Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants. This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability. Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms. Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare...

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Home facts

  • Year built:1997
  • Listing ID #:20260523
  • Added:328 day(s) ago
  • Updated:February 10, 2026 at 03:24 PM

Rooms and interior

  • Total bathrooms:3
  • Full bathrooms:2
  • Half bathrooms:1
  • Flooring:Laminate
  • Kitchen Description:Dishwasher, Electric Range, Refrigerator
  • Basement Description:Crawl Space
  • Living area:4,948 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:1997
  • Building area:4,948 sq. ft.
  • Lot Features:Cleared
  • Construction Materials:Brick Veneer, Vinyl Siding
  • Exterior Features:Deck
  • Foundation Description:Block
  • Levels:2 Story

Schools

  • High school:Cleveland
  • Middle school:Cleveland
  • Elementary school:Mayfield

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Connected

Finances and disclosures

  • Price:$999,900
  • Price per sq. ft.:$202.08
  • Tax amount:$1,327

Features and amenities

  • Appliances:Dishwasher, Electric Range, Refrigerator

Parking

  • Parking description:Concrete

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