For Sale
$325,000

1745 Westside DrCleveland, TN 37311

4-Unit Value-Add Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity in Cleveland, TN, presents a 4-unit multifamily property on 1.7 acres of land, offering significant value-add potential. Currently boasting 100% occupancy and a projected NOI of $45,730, resulting in a 14.07% pro-forma cap rate, this property is priced at $325,000. The property consists of three units at 1745, 1755, and 1795 Westside Drive NW, and is located in a rapidly growing neighborhood with convenient access to I-75, downtown Cleveland, local schools, and amenities. Its prime location offers easy accessibility to Chattanooga. This mixed-use land presents a unique opportunity for redevelopment or expansion, making it an attractive investment for those seeking to capitalize on Cleveland's growth. The property's strong performance and strategic location make it an ideal addition to any investment portfolio, offering a solid foundation for long-term growth and returns. This is a value-add and development opportunity in a prime location. The property is zoned for multifamily use. The address is 1745 Westside Drive NW, Cleveland, TN 37311.

Highlights

  • 4-unit multifamily property on 1.7 acres in Cleveland, TN.
  • 100% occupancy with a projected NOI of $45,730 and a 14.07% pro-forma cap rate.
  • Priced at $325,000.
  • Located near I-75, downtown Cleveland, schools, and amenities, with easy access to Chattanooga.
  • Zoned for multifamily use, offering value-add and redevelopment potential.

Property Details for 1745 Westside Dr

Property type
Mixed-use properties, Land

Location Insight

City
Cleveland
County
Bradley
State
Tennessee
Latitude
35.1793699
Longitude
-84.8893407
1745 Westside Dr, Cleveland, Tennessee

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1745 Westside Dr
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