Owner Financing 102 Units: Cleveland TN Hospitality FOR SALE


Cleveland, TN - Downtown Cleveland
$5,950,000 USD
423-313-0901
, Cleveland, TN for Sale
$5,950,000 USD
Hospitality - FOR SALE
1/17
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Owner Financing 102 Units: Cleveland TN
Cleveland, TN
Downtown Cleveland


HIGHLIGHTS

  • Excellent property for Work Force Apartments/ Affordable Housing/ Independent Living Apartments Restaurant operating on campus

OVERVIEW

OWNER FINANCING AVAILABLE: This 102-unit Dual-Flag property is located on the main exit from I-75 to downtown Cleveland Tennessee. Out of the 102 units 53 units operate as the Rodeway Inn. 49 units have kitchenettes and operate as Suburban Suites. We have a quote to complete all of the remaining units to have kitchenettes. Totally Renovated in 2023. Roof is TPO replaced 2019 Building 2 and 3 Roof is metal replaced 2019 on Building 1 Property sits on 2.8 level acres Built in 1969 - Masonry construction– non-combustible. Zoned commercial Building One – • Lobby and offices • Full-Service Restaurant - Seats 90 • Full-Service Commercial Kitchen • Two Meeting Rooms on second floor with Service Bar • Restaurant is Leased at $4,500/Month Building Two – • 40 units are 12 X 25 • 10 units are 12 X 20 • Plus, one three-room apartment • All new electrical outlets, switches and LED lighting • Second floor includes two – two-room apartments • Upstairs apartments have a back door Building Three – • 49 all newly renovated units • ALL ROOMS ARE KITCHETTES • 9 units are 12 X 20 with connector doors • 38 units are 12 X 25 • One unit is an up and downstairs apartment • One unit is a vending/laundry room • All new electrical outlets, switches and LED lighting

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Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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Stephen HolmesRealty Xchange IncMore Info
423-313-0901

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