3730 Keri Lane NE, #1-24, Cleveland, TN 37312 (MLS# 1510585)

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

Overview

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.

Listing Details MLS# 1510585

General Property Information

Number Of Units Total: 24
Stories: 2
Living Area: 22320
Enhanced Accessible: No
Year Built: 1978
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

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

Contract Information

Auction YN: No
Listing Contract Date: 2025-04-03
Equitable Ownership Interest Listing: No
Property Sub Type: Mixed Use

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

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

Major Change Timestamp: 2025-04-07T21:02:34Z
Major Change Type: Status Change
Status Change Timestamp: 2025-04-07
Under Contract Date: 2025-04-04
Close Date: 2025-04-04
Close Price: 2300000

More Information

Unit 1

Unit Number: Yes
Actual Rent: 1095
Unit SqFt: 930
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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
Total Full Baths: Yes
Baths Total (Legacy): Yes
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

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

Listing Terms

Cash: Yes
Conventional: Yes

Sewer

Public Sewer: Yes

Special Listing Conditions

Standard: Yes

Water Source

Public: Yes

Cooling

Central Air: Yes

Parking Features

Asphalt: Yes
Paved: Yes

Structure Type

Multi Family: Yes

Documents

TN Prop Cond Disc or Exempt: Yes

Documents

TN Prop Cond Disc or Exempt ›

Confirmation of Agency ›

Listing Office: K W Cleveland

Last Updated: April - 07 - 2025

Information deemed reliable but not guaranteed.