1117/1119 Village Court Cleveland, TN 37312
MULTI_FAMILY - Cleveland, TN
Property Features for 1117/1119 Village Court
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 2, Bathroom 3, Bathroom 1
- Patio and Porch features
- Deck
- Interior features
- Walk-In Closet(s), Smart Thermostat, High Speed Internet, Granite Counters
- Appliances
- Washer, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Refrigerator
- Standard status
- Pending
- APN
- 050g H 02000 000
- Size
- 2,035 SF
Taxes and HOA fees
- Tax Annual Amount
- 2941
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1999
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Hardwood
- Building materials
- Brick Veneer, Vinyl Siding
- Roof type
- Metal
Listing agent Susana Alsina License #360572 (423) 381-7655
Listing office Epique Realty 40 Burton Hills Blvd #200, Nashville, TN (888) 893-3537
Listing date Mar 17, 2026
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Key Highlights
- Renovated luxury duplex built in 1999 with 2 bedrooms and 2 full bathrooms on each side
- Each bedroom includes a private en‑suite bathroom for added convenience and privacy
- Kitchens feature granite counters with brand‑new stainless steel appliances
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $12.96 |
| − Vacancy | −$1.5k | −$0.75 |
| EGI | $24.8k | $12.21 |
| − OpEx | −$7.5k | −$3.66 |
| NOI | $17.4k | $8.55 |
