900 Stratford Cir NW
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900 Stratford Cir NW
6 Unit Apartment Building $1,150,000 ($191,667/Unit) 4.66% Cap Rate Cleveland, TN 37312
Executive Summary
SIX Units - Each Unit consists of 2 bedrooms, 1.5 bathrooms, approximately 1,090 square feet.
Located in charming, and fast growing Cleveland, TN, less than 10 minutes from Lee University and walkable to Publix and the local mall, these units will have no problems maintaining occupancy.
Current rental rates are below market value.
The six units included in this portfolio have been well maintained, and have consistently remained leased.
Units are walkable to shopping, dining, and less than 5 miles to nearby universities.
On site parking, reasonable HOA rates that cover lawn, roof, trash collection, and other maintenance.
FOUR of the six units are all in one building. The other 2 are in separate buildings.
Located in charming, and fast growing Cleveland, TN, less than 10 minutes from Lee University and walkable to Publix and the local mall, these units will have no problems maintaining occupancy.
Current rental rates are below market value.
The six units included in this portfolio have been well maintained, and have consistently remained leased.
Units are walkable to shopping, dining, and less than 5 miles to nearby universities.
On site parking, reasonable HOA rates that cover lawn, roof, trash collection, and other maintenance.
FOUR of the six units are all in one building. The other 2 are in separate buildings.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $191,667 | Lot Size | 0.33 AC |
| Sale Type | Investment | Building Size | 6,498 SF |
| Cap Rate | 4.66% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1984 |
| Property Subtype | Apartment | Parking Ratio | 1.08/1,000 SF |
| Apartment Style | Townhome |
| Price | $1,150,000 |
| Price Per Unit | $191,667 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 6,498 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1984 |
| Parking Ratio | 1.08/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Carpet
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 6 | - | 1,082 - 1,085 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $47,280 | |
| Land Assessment | $4,760 | Total Assessment | $52,040 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,760
Improvements Assessment
$47,280
Total Assessment
$52,040
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900 Stratford Cir NW
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