$2,300,000
$2,300,000
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22,320 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $2,300,000
Property Type Single Family Home
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 22,320 sqft
Price per Sqft $103
MLS Listing ID 20251509
Sold Date 04/04/25
Style Contemporary
Full Baths 24
Construction Status Functional
HOA Y/N No
Abv Grd Liv Area 22,320
Year Built 1978
Annual Tax Amount $34,000
Lot Dimensions 196'X620'
Property Sub-Type Apartment
Source River Counties Association of REALTORS®
Property Description
Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom apartments in a well-regarded residential area. This community benefits from its proximity to major employers like Whirlpool, Eaton Corp, Hardwick, and M&M Mars, contributing to Cleveland's ranking as the 5th Best Place in the U.S. for manufacturing careers. With new management at Grant Havens Condominiums, the property has been successfully stabilized, featuring numerous renovations and increased rental rates. This presents significant upside potential for investors.
Location
State TN
County Bradley
Direction Take Ocoee St. N to east onto Blythe Ferry Rd NE left onto Keri Lane NE on right
Rooms
Basement Crawl Space, None
Interior
Interior Features Eat-in Kitchen
Heating Central, Electric
Cooling Central Air
Flooring Carpet, Vinyl
Appliance Electric Water Heater
Laundry Laundry Closet
Exterior
Exterior Feature Rain Gutters, Balcony
Parking Features Paved, Asphalt
Community Features None
Utilities Available Water Connected, Sewer Connected, Phone Available, Cable Available, Electricity Connected
View Y/N false
Roof Type Shingle
Porch Covered, Rear Porch
Building
Lot Description Level
Entry Level Two
Foundation Permanent
Sewer Public Sewer
Water Public
Architectural Style Contemporary
New Construction No
Construction Status Functional
Schools
Elementary Schools Mayfield
Middle Schools Cleveland
High Schools Cleveland
Others
Tax ID Tbd
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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