1911, 1913 , 1915, 1917 Cypress Lane, Lot 24, Cleveland, TN 37323 (MLS# 1542149)

1911, 1913 , 1915, 1917 Cypress Lane, Lot 24, Cleveland, TN 37323

$1,100,000

Property Type: Residential Income Bedrooms: 12 Baths: 12 Square Footage: 6,080 Lot Size (sq. ft.): 24,807 Status: Active

Current Price: $1,100,000 List Date: 9/04/2026 Last Modified: 9/04/2026

Overview

Description

Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a sin ... (Read more)

Listing Details MLS# 1542149

General Property Information

Number Of Units Total: 4
Bathrooms Total: 12
Living Area: 6080
Enhanced Accessible: No
Year Built: 2025
ADU YN: No
STVR YN: No
New Construction YN: Yes
Home Warranty YN: No
Lot Size Acres: 0.5695
Lot Size Square Feet: 24807.42
Association YN: Yes
Association Fee: 600
Association Fee Frequency: Annually
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 180.92

Property Features

Appliances: Dishwasher; Microwave; Oven; Refrigerator Association Amenities: Maintenance Grounds; Parking; Trash Association Fee Includes: Maintenance Grounds; Trash Basement: Unfinished Community Features: None Construction Materials: Concrete; HardiPlank Type; None Cooling: Central Air Current Financing: Other Foundation Details: Slab Heating: Central Interior Features: Ceiling Fan(s); Eat-in Kitchen; Granite Counters; High Ceilings; Kitchen Island; Open Floorplan; Recessed Lighting Laundry Features: Laundry Closet Levels: Two Listing Terms: Cash Lot Features: Paved Owner Pays: Insurance; Taxes Parking Features: Driveway; Garage Pets Allowed: Yes Possession: Close Of Escrow Property Condition: Updated/Remodeled Road Responsibility: Public Maintained Road Road Surface Type: Asphalt Roof: Shingle Sewer: Public Sewer Structure Type: Multi Family Tenant Pays: Electricity; Sewer; Water Utilities: Electricity Connected; Sewer Connected; Water Connected Water Source: Public Documents: TN Prop Cond Disc or Exempt

Contract Information

Auction YN: No
Listing Contract Date: 2026-09-04
Equitable Ownership Interest Listing: No
Property Sub Type: Multi Family

Location Tax and Legal

Street Number: 1911, 1913
Street Name: , 1915, 1917 Cypress
Street Suffix: Lane
Unit Number: Lot 24
County: Bradley
State: TN
Postal Code: 37323
Subdivision Name: Arbor Hills Townhomes

Remarks and Miscellaneous

Public Remarks: Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 4 townhomes • 1 building • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $7,000/month gross rental income • Approximately $84,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same.
Bedrooms Total: 12