For Sale
$7,500,000
615-855 Brown AveCleveland, TN 37311
56 Units, High NOI, 7.74% Cap Rate
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- $7,500,000 asking price for a 56-unit apartment building.
- Multifamily property, Class B, totaling 46,822 square feet.
- $160.18 price per square foot, with a 7.74% cap rate.
- $580,494 Net Operating Income (NOI).
- 56 units, comprised of 24 one-bedroom, 24 two-bedroom, and 8 three-bedroom apartments.
- Eight buildings, two stories each, built in 1996.
Property Details for 615-855 Brown Ave
- Property type
- Apartment buildings
- Square Feet
- 46,822 SF
- Class
- B
- Year Built
- 1996
- Buildings
- 8
- Stories
- 2
- Units
- 56
Location Insight
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Latitude
- 35.1656862
- Longitude
- -84.8807939
615-855 Brown Ave, Cleveland, Tennessee
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