19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
19121914 ,1916, 1918 Cypress Lane, Cleveland, TN 37323
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Jeff Lucas

Jeff Lucas

+1(615) 207-5602
Listed by Gina Shumway • Greater Chattanooga Realty, Keller Williams Realty
$ 1,100,000
Est. payment | /mo

6,080 SqFt

Save
$ 1,100,000
Est. payment | /mo
Save

6,080 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,080 sqft

Price per Sqft $180

Subdivision Arbor Hills Townhomes

MLS Listing ID 3541325

HOA Fees $600/ann

HOA Y/N Yes

Year Built 2025

Annual Tax Amount $8,624

Property Description

Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.

Location

State TN

County Bradley County

Interior

Heating Central

Cooling Central Air

Fireplace N

Exterior

Utilities Available Water Available

View Y/N false

Roof Type Other

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Other

New Construction true

Schools

Elementary Schools Blythe-Bower Elementary

Middle Schools Cleveland Middle

High Schools Cleveland High

Others

HOA Fee Include Maintenance Grounds,Trash

Senior Community false

Special Listing Condition Standard

RealTracs IDX
© 2026 Listings courtesy of RealTrac as distributed by MLS GRID. All Rights Reserved.

NEARBY SCHOOLS & PROPERTIES

Jeff Lucas

“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”

+1(615) 207-5602

jeff@thelucasgrouptn.com

131 Saundersville Rd, Suite 130, Hendersonville, TN 37075, United States

GET MORE INFORMATION

Name
Phone*
Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Jeff Lucas, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Go tour this home

19121914 ,1916, 1918 Cypress Lane