19121914 1916/1918/1911/1913/1915/1917, Cleveland, Tennessee 37323
TN, Cleveland-
Active Status
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9 Dayz On Cribz Total Days
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Residential Income Property Type
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12160 Total Sqft $181/sqft
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2025 Year Built
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Mortgage Wizard 3000 Advanced Breakdown
Don’t miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income–$168,000 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: 8 townhomes • 2 buildings • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $14,000/month gross rental income • Approximately $168,000/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.
Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M
- Property Type: Residential Income
- Listing Type: For Sale
- MLS #: 3541318
- Price: $2,200,000
- Square Footage: 12,160 Sqft
- Year Built: 2025
- Office Name: Greater Chattanooga Realty, Keller Williams Realty
- Agent Name: Gina Shumway
- New Construction: Yes
- Roof: Other
- Listing Status: Active
- Street Number: 19121914
- Street: 1916 1918 1911 1913 1915 1917
- City Cleveland
- State TN
- Zipcode 37323
- County Bradley County, TN
- Subdivision Arbor Hills Townhomes
- Longitude: W85° 9' 50.6''
- Latitude: N35° 4' 59.5''
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Heating System Central
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Cooling System Central Air
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Parking Driveway, Detached
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Utilities Water Available
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Flooring Other
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Sewer Public Sewer
- Elementary School: Blythe-Bower Elementary
- Middle School: Cleveland Middle
- High School: Cleveland High
- Water Source: Public
- Building Size: 12,160 Sqft
- Construction Materials: Other
- Levels: Two
- Number Of Units Total: 8
- On Market Date: September 4th, 2026
- Previous Price: $2,200,000
- Rent Includes: Other
- Stories: 2
- Association Fee: $600
- Association Fee Frequency: Annually
- Association Fee Includes: Trash, Maintenance Grounds
- Association: Yes
- Annual Tax Amount: $17,248
- Mls Status: Active
- Originating System Name: RealTracs
- Special Listing Conditions: Standard
- Modification Timestamp: Sep 11th, 2026 @ 11:47am
- Status Change Timestamp: Sep 4th, 2026 @ 11:24am
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