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3540 Adkisson Drive Nw, Cleveland, TN 37312

$1,600,000
  • 3540 Adkisson Drive Nw, Cleveland, TN 37312 Main Photo

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Active
BEDS0 BATHS16 full SQUARE FEET5,022 MLS#20261430
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

This 16-unit multifamily opportunity (two buildings with 8 units each) offers a compelling value-add investment in a high-demand rental corridor adjacent to Cleveland State Community College.The property consists of all 1 bed / 1 bath units, ideally suited for student housing, providing consistent occupancy potential and reliable rental demand. Constructed of low-maintenance brick, the asset includes an on-site laundry facility, creating an additional income stream opportunity.With its prime location near campus, tenants benefit from walkable access to school and a short drive to restaurants, retail, and I-75, enhancing long-term desirability.Value-add potential exists through interior upgrades, rent optimization, and operational efficiencies--positioning this asset for increased NOI and long-term appreciation.Ideal for investors seeking stable cash flow with upside, this property combines location, durability, and scalability in a growing rental market.

3540 Adkisson Drive Nw | MLS# 20261430

This multi-family property located at 3540 Adkisson Drive Nw, Cleveland, TN 37312 is currently listed for sale with an asking price of $1,600,000. Search Cleveland real estate on online.fusion2b.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Other
Cooling: Central Air
Heating: Central, Electric
Home Style: Other
Lot Size: 202 x 201
Roof Type: Shingle
Taxes: $5,907
Year Built: 1986

Feature Descriptions

Appliances: Electric Range, Electric Water Heater, Refrigerator
Community Features: Other
Days on Site: 15
Exterior: Brick, Brick Veneer, Other
Flooring: Laminate
Interior: Other
Laundry: Other
Lot: Level, Cleared
Lot Dimensions: 202 x 201
Owner Pays: Exterior Maintenance, Insurance, Repairs, Taxes
Parcel Number: 033m F 03400 000
Parking: Paved, Concrete
Pool Features: None
Security: Smoke Detector(s)
Sewer: Public Sewer
Sqft Below Grade: 2511
Tenant Pays: Telephone, Electricity
Units: 16
Utilities: Water Connected, Sewer Connected, Cable Available, Electricity Connected
Water: Public

Local Schools

High School: Cleveland
Middle School: Cleveland
Elementary School: Ross-Yates

Listed By / Shown By

Listed By

Agency Name: Award Realty II

Shown By

Agency Title: Crye-Leike Real Estate Services
Agency Phone: 866-253-4666

IDX logo

Source: RCAR MLS

Estimate Your Payment

Estimated Payment

$ 4,519.82 per month $3,560.91 Principal & Interest $492.25 Property Tax $466.67 Homeowner's Insurance

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