563 Central Avenue Northeast
Contingent
Contingent
Description
2 Buildings - 563 Central Ave NE and 385 Dooley St
This fully renovated 12-unit apartment complex is an ideal income-generating property, offering a strong return and excellent tenant appeal. Divided into two buildings—563 Central Ave and 385 Dooley St—each building houses six well-designed units. Tenants pay rent weekly, ensuring steady cash flow and maximizing revenue. Renovations Completed in 2020. Both interiors and exteriors...Turn-Key 12-Unit Apartment Complex | High-Yield Investment with 7%+ Cap Rate
2 Buildings - 563 Central Ave NE and 385 Dooley St
This fully renovated 12-unit apartment complex is an ideal income-generating property, offering a strong return and excellent tenant appeal. Divided into two buildings—563 Central Ave and 385 Dooley St—each building houses six well-designed units. Tenants pay rent weekly, ensuring steady cash flow and maximizing revenue. Renovations Completed in 2020. Both interiors and exteriors have been modernized for low-maintenance operation. Each unit offers approximately 406 sq. ft., featuring a living room, kitchen, bathroom, and a spacious bedroom with a closet. Every unit is equipped with its own heat/air system, range, and refrigerator. Conveniently located just minutes from Lee University and downtown Cleveland, this property offers easy access to schools, shops, restaurants, and entertainment, making it a top choice for renters. With its high cap rate, modern updates, and strategic location, this property is a perfect addition to any investor's portfolio. Call for financials and more information!
- Listed by Jim Lea • Keller Williams Realty
- Listed by Andy Bond • Keller Williams Realty
Property Details for 563 Central Avenue Northeast
Property Details for 563 Central Avenue Northeast
| Status | Contingent |
|---|---|
| MLS # | 1505498 |
| Days on Market | 25 |
| Taxes | $2,532 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Mixed Use |
| Year Built | 1984 |
| Lot Size | 1.00 AC / 43,560 SF |
| County | Bradley County |
Building Information for 563 Central Avenue Northeast
Property Information for 563 Central Avenue Northeast
- City: Cleveland
- County Or Parish: Bradley
- Directions: From Keith & 25st, head south on 25th to N. Ocoee St, turn right onto N. Ocoee Street, in 1.3 miles turn left onto Central Avenue, in 0.5 miles destination is on the left Central Avenue and Dooley Street (No sign on property)
- Latitude: 35.158175
- Longitude: -84.866898
- Postal Code: 37311
- State Or Province: TN
- Subdivision Name: None
- Tax Legal Description: 057D F 009.00
- Additional Parcels: No
- Parcel Number: 057d F 009.00
- Association Fee: $0
- Association: No
- Tax Annual Amount: $2,532
- Middle Or Junior School: Cleveland Middle
- High School: Cleveland High
- Elementary School: Arnold Elementary
- Garage: No
- Attached Garage: No
- Lot Features: Level
- Lot Size Dimensions: 53x209x51x209
- Lot Size Acres: 1.0
- Living Area Source: Tax Records
- Lot Size Square Feet: 43560.0
- Building Area Total: 5184.0
- Lot Size Units: Acres
- Living Area: 5184.0
- Property Type Label: Residential
- New Construction: No
- Home Warranty: No
- Floor Plans Count: 0
- Year Built: 1984
- Property Type: Residential
- Property Sub Type: Mixed Use
- Water Source: Public
- Utilities: Electricity Connected, Water Connected
- Senior Community: No
- Construction Materials: Vinyl Siding
- Parking Features: Asphalt, Off Street, Parking Lot
- Exterior Features: Other
- Roofing : Asphalt: Yes
- Fireplace: No
- Bedrooms Total: 12
- Bathrooms Full: 6
- Bathrooms Half: 0
- Appliances: Electric Range
- Rooms Total: 0
- Bathrooms Total Integer: 6
- Bathrooms Total Decimal: 6.0
- Bathrooms Total Notational: 6.0
- Cooling: Yes
- Foundation Details: Combination
- Cooling: Ductless
- Flooring: Laminate, Linoleum
- Floors : Laminate: Yes
- Floors : Linoleum: Yes
Property History for 563 Central Avenue Northeast
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 563 Central Avenue Northeast
Schools near 563 Central Avenue Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Private - | K to 12 |
Rating | School | Distance |
|---|---|---|
Arnold Memorial Elementary PublicPK to 5 | ||
Cleveland Middle School Public6 to 8 | ||
Cleveland High School Public9 to 12 | ||
Ludic PrivateK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Keller Williams Realty, Jim Lea (423.802.0066); Keller Williams Realty, Andy Bond (423.902.1322)
The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2025 MTRMLS, Inc. All Rights Reserved. Last updated: 02/05/2025 12:51 PM