615855 Brown Avenue Northwest

Cleveland, TN 37311

$7,500,000
Price
6
Beds
5
Baths
46,848 Sq. Ft.
$160 / Sq. Ft.
46,848
Sq. Ft.
$160
per Sq. Ft.
an aerial view of a house
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an aerial view of multiple house
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a car parked in front of white house
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a view of a house with large windows and a tree
a car parked in front of a white house
a car parked in front of white house
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a view of a house with a patio
a view of a white house with large windows and couches chairs
an outdoor view with patio
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an empty room with windows and fan
a bathroom with a granite countertop sink toilet and shower
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an empty room with wooden floor and windows
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a bathroom with a sink a toilet and a bathtub
an empty room with wooden floor and windows
a bathroom with a toilet and a shower
a bathroom with a sink and a mirror
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a kitchen with stainless steel appliances granite countertop a refrigerator and a stove top oven
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an aerial view of multiple houses with yard
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a front view of a house with parking space
a car parked in front of a house
a car parked in front of a house
a car parked in front of house
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a car parked in front of a house

Description

Rare find with great income potential, stabilized and value add makes these 56 units in 8 buildings comprised of 24 one-bedroom, 24 two-bedroom and 8 three-bedroom apartments located in Cleveland, Tennessee. Close to key amenities including shopping and restaurants. Located near Lee University, this building will attract tenants looking for a vibrant downtown lifestyle. The property offers low maintenance landscaping, as well as 32 new decks overlooking the City of Cleveland Greenway.Rare find with great income potential, stabilized and value add makes these 56 units in 8 buildings comprised of 24 one-bedroom, 24 two-bedroom and 8 three-bedroom apartments located in Cleveland, Tennessee. Close to key amenities including shopping and restaurants. Located near Lee University, this building will attract tenants looking for a vibrant downtown lifestyle. The property offers low maintenance landscaping, as well as 32 new decks overlooking the City of Cleveland Greenway.
  1. Listed by William Eilf • Keller Williams Cleveland • 4238139800

Property Details for 615855 Brown Avenue Northwest

Subdivision Name
None
Waterfront
No
LISTING UPDATED: 09/25/2024 10:54 AM

Property Details for 615855 Brown Avenue Northwest

StatusActive
MLS #2694226
Days on Market94
Taxes$35,843 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1996
Lot Size-
CountyBradley County

Building Information for 615855 Brown Avenue Northwest

Stories3Residences56Year Built1996Building Size-Lot Size-

Property Information for 615855 Brown Avenue Northwest

Summary
Location and General Information
  • Directions: 25th St. NW go south onto Keith St. to east onto Willow to south onto Brown Ave NW property on right
  • Elementary School: Arnold Memorial Elementary
  • High School: Cleveland High
  • Levels: Two
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Middle Or Junior School: Cleveland Middle
  • Mlg Can View: Yes
  • Zoning: Multifamil
Parking
  • Garage Spaces: .00
  • Parking Features: Paved
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Source: Assessor
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Source: Assessor
  • Below Grade Finished Area Units: Square Feet
  • Building Area Source: Assessor
  • Building Area Units: Square Feet
  • Flooring: Carpet, Laminate, Vinyl
Lot Information
  • Lot Size Units: Acres
  • Structure Type: Multi Family
Property and Assessments
  • Construction Materials: Vinyl Siding
  • Documents Count: 0
  • New Construction: No
  • Possession: Close Of Escrow
  • Property Attached: Yes
  • Security Features: Smoke Detector(s)
  • Stories: 3
  • Year Built Details: EXIST
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central, Electric
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Water Available
  • Water Source: Public
Interior and Exterior Features
Interior Features
  • Fireplace: No
Exterior Features
  • Attached Garage: No
  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: .00
  • Exterior Features: No Dock
  • Garage: No
  • Pool Private: No
  • Roof: Shingle
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 56
Unit 1
  • Unit Type Actual Rent: $795.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Type: Unit 1
Unit 2
  • Unit Type Actual Rent: $1,095.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Type: Unit 2
Unit 3
  • Unit Type Actual Rent: $1,145.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Type: Unit 3
Rental Information
Rental Information
  • Total Actual Rent: $3,035

Property History for 615855 Brown Avenue Northwest

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 615855 Brown Avenue Northwest

This home is within Cleveland School District.
Rating
School
Type
Grades
Distance
Arnold Memorial Elementary
Public - PK to 5
Cleveland Middle School
Public - 6 to 8
Cleveland High School
Public - 9 to 12
Ludic
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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More information about 615855 Brown Avenue Northwest, Cleveland, TN 37311

615855 Brown Avenue Northwest is a multi-family home for sale in Cleveland, TN 37311. This property was listed for sale on June 10, 2024 by Keller Williams Cleveland, it's currently listed at $7,500,000. This listing's school district is Cleveland School District. Nearby schools include Arnold Memorial Elementary, Cleveland Middle School and Cleveland High School. 615855 Brown Avenue Northwest is a 6-bed, 5-bath, 46,848 sqft multi-family home built in 1996.

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 Cleveland, William Eilf (423.813.9800)

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 2024 MTRMLS, Inc. All Rights Reserved. Last updated: 09/25/2024 10:54 AM