411 Minnis RdCleveland, TN 37323

Property Details for 411 Minnis Rd

Year built

2024

Lot size

2.98 AC

Property size (Sq ft)

16,912 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

Exceptional investment opportunity in Cleveland, Tennessee, featuring a 16-unit single-family rental portfolio currently under construction, with an estimated completion date of January/February 2025. This meticulously crafted subdivision boasts four buildings, each one-story, totaling 16,912 square feet on a 2.98-acre lot. Each unit offers a desirable one-level floor plan, including two bedrooms, two bathrooms, an open main living area, and a spacious laundry room. High-quality finishes throughout include LVP flooring in the main living areas, LVT in bathrooms, carpet in bedrooms, 9-foot ceilings, granite or quartz countertops, and soft-close cabinetry. The builder is including side-by-side refrigerators and 2" white faux wood blinds, making these units truly move-in ready. Located in a prime location within walking distance of Elrod Park ballfields and Park View Elementary School, and within five miles of several grocery stores, this property offers unparalleled convenience and tenant appeal. The property is zoned R1 and comes with a one-year builder's warranty, ensuring a secure and profitable investment. This portfolio presents a rare chance to acquire a brand-new, high-quality rental property with significant long-term appreciation potential. The asking price is $3,760,000, or $235,000 per unit, representing a price per square foot of $222.33. Photos shown are of previously built units with the same floor plan.

Location Insight

City

Cleveland

County

Bradley

State

Tennessee

Latitude

35.1543

Longitude

-84.8213

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