855 Brown Ave NW
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855 Brown Ave NW
8 Unit Apartment Building $1,120,000 ($140,000/Unit) 7.30% Cap Rate Cleveland, TN 37311
Executive Summary
Cleveland Tennessee Apartment Building for Sale located near Lee University. 4 - two bedroom apartments and 4 - one bedroom apartments, all City utilities, separate meters, upper and lower parking. Cleveland Tennessee ranks 5th Best Place in U.S. to work in Manufacturing and employee housing is in demand. Conveniently located off I-75 and in the Heart of Cleveland. Additional apartment buildings for sale, call for details.
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Property Facts
| Price | $1,120,000 | Apartment Style | Low Rise |
| Price Per Unit | $140,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.24 AC |
| Cap Rate | 7.30% | Building Size | 5,856 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1996 |
| Property Subtype | Apartment |
| Price | $1,120,000 |
| Price Per Unit | $140,000 |
| Sale Type | Investment |
| Cap Rate | 7.30% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 5,856 SF |
| No. Stories | 2 |
| Year Built | 1996 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | $797.50 | 488 |
| 2+2 | 4 | $1,120 | 976 |
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Walk Score ®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 049K-H-003.00 | Improvements Assessment | $127,480 |
| Land Assessment | $11,560 | Total Assessment | $139,040 |
PROPERTY TAXES
Parcel Number
049K-H-003.00
Land Assessment
$11,560
Improvements Assessment
$127,480
Total Assessment
$139,040
zoning
| Zoning Code | Commercial (Multifamily) |
| Commercial (Multifamily) |
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855 Brown Ave NW
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