555 Wildwood Ave SE - Multi-Family FOR SALE


Cleveland, TN 37311- Downtown Cleveland
$460,000 USD
423-472-2173
555 Wildwood Ave SE, Cleveland, TN for Sale
$460,000 USD
Multi-Family - FOR SALE
1/9
null | 8.7% Cap Rate

555 Wildwood Ave SE
Cleveland, TN 37311
Downtown Cleveland


HIGHLIGHTS

  • Fully Remodeled
  • Centrally Located
  • High Occupency

OVERVIEW

It's almost impossible to find a 8.5 Cap rate investment property these days. This 4-unit quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.

FOR SALE DETAILS

PRICE

$460,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

4

PRICE/UNIT

$115,000

CAP RATE

8.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,553 SF

ZONING

R2

APN/PARCEL ID

057E F 023.00

ASK ABOUT THIS PROPERTY

Ben MacGowanBender Realty, LLCMore Info
423-472-2173

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

Ben MacGowanBender Realty, LLCMore Info
423-472-2173

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