3730 Keri Lane NE, #1-24, Cleveland, TN 37312
$2,300,000
Property Type:
Residential Income
Square Footage:
22,320
Lot Size (sq. ft.):
87,120
Status:
Closed
Current Price:
$2,300,000
List Date:
4/07/2025
Last Modified:
4/07/2025
Description
Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom condo 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, with the option to purchase the entire portfolio or select units.
More Information MLS# 1510585
Contract Information
Auction YN: No
Equitable Ownership Interest Listing: No
Current Price: $2,300,000
Sold Price: $2,300,000
Status: Closed
Listing Contract Date: 2025-04-03
Property Sub Type: Mixed Use
Location, Tax, and Legal
Parcel Number: Tbd
Office Exclusive: No
Elementary School: Mayfield Elementary
Middle Or Junior School: Cleveland Middle
High School: Cleveland High
Tax Annual Amount: 33600
Tax Legal Description: 3730 Keri Lane
Deed Book: tbd
Deed Page: tbd
General Property Information
Number Of Units Total: 24
Stories: 2
Living Area: 22320
Enhanced Accessible: No
New Construction YN: No
Lot Size Acres: 2
Lot Size Square Feet: 87120
Association YN: No
View YN: No
Waterfront YN: No
Basement YN: No
Fireplace YN: No
Senior Community YN: No
List Price/SqFt: 145.61
Sold Price/SqFt: 103.05
Year Built: 1978
Remarks and Miscellaneous
Public Remarks: Introducing a prime investment opportunity in Northeast Cleveland, Tennessee: 24 two-bedroom condo 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, with the option to purchase the entire portfolio or select units.
Directions: Take Ocoee St. N to east onto Blythe Ferry Rd NE left onto Keri Lane NE on right
Status Change Information
Status Change Timestamp: 2025-04-07
Major Change Timestamp: 2025-04-07T21:02:34Z
Major Change Type: Status Change
Under Contract Date: 2025-04-04
Close Date: 2025-04-04
Close Price: 2300000
Listing Terms
Cash: 1
Conventional: 1
Sewer
Public Sewer: 1
Special Listing Conditions
Standard: 1
Water Source
Public: 1
Cooling
Central Air: 1
Parking Features
Asphalt: 1
Paved: 1
Structure Type
Multi Family: 1
Unit 1
Unit Number: 1
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #1
Unit 2
Unit Number: 2
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #2
Unit 3
Unit Number: 3
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #3
Unit 4
Unit Number: 4
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #4
Unit 5
Unit Number: 5
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #5
Unit 6
Unit Number: 6
Actual Rent: 1100
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #6
Unit 7
Unit Number: 7
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #7
Unit 8
Unit Number: 8
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #8
Unit 9
Unit Number: 9
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #9
Unit 10
Unit Number: 10
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #10
Unit 11
Unit Number: 11
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #11
Unit 12
Unit Number: 12
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #12
Unit 13
Unit Number: 13
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #13
Unit 14
Unit Number: 14
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #14
Unit 15
Unit Number: 15
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: Unfurnished
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #15
Unit 16
Unit Number: 16
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #16
Unit 17
Unit Number: 17
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #17
Unit 18
Unit Number: 18
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #18
Unit 19
Unit Number: 19
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: No
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #19
Unit 20
Unit Number: 20
Actual Rent: 1095
Unit SqFt: 930
Bedrooms: 2
Total Full Baths: 1
Baths Total (Legacy): 1
Efficiency: Unfurnished
Furnished: Unfurnished
Den: No
Kitchen: Yes
Living Room: Yes
Separate Dining: No
Microwave: No
Refrigerator: Yes
Stove: Yes
Washer Dryer Hookups: Yes
Unit Remarks: #20
License Number Info
Listing Agent’s State of Licensure: TN
Listing Agent’s License Number: 337177
Listing Office’s State of Licensure: TN
Listing Office’s License Number: 260060
Documents
TN Prop Cond Disc or Exempt: 1
Location Tax and Legal
Street Number: 3730
Street Name: Keri
Street Suffix: Lane
Street Direction Suffix: NE
Unit Number: #1-24
County: Bradley
State: TN
Postal Code: 37312
Subdivision Name: None
Property Features
Cooling: Central Air
Listing Terms: Cash; Conventional
Parking Features: Asphalt; Paved
Sewer: Public Sewer
Special Listing Conditions: Standard
Structure Type: Multi Family
Water Source: Public
Documents: TN Prop Cond Disc or Exempt
TN Prop Cond Disc or Exempt ›
Listing Office:
K W Cleveland
Last Updated: April - 07 - 2025
Information deemed reliable but not guaranteed.