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    3716 Cliffside Dr Northeast Cleveland, TN 37312

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    For Sale
    Contact for pricing

    Well-maintained 31-unit multifamily property with renovation upside.

    Property size:
    25,950 SF

    Property Features for 3716 Cliffside Dr Northeast

    General Information

    Size
    25,950 SF

    Building Details

    Year built
    1974

    Source: Andrew Agee Agent Andrew Agee

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Multifamily Investment in Cleveland, Tennessee

    The Vue on Cliffside is a 31-unit multifamily property located in Cleveland, Tennessee, near the Chattanooga Metropolitan Statistical Area. Constructed in 1974 and renovated in 2022, the property consists of four buildings situated on three sites in close proximity to one another. A significant portion, 71%, of the units have been renovated with modern finishes. The property has a solid rental history and high occupancy, exceeding 95%. The location benefits from a $70,000+ average household income within a 0.3-mile radius. The property is located in close proximity to Lee University and Cleveland State Community College. The property is well-maintained and thoughtfully renovated, with only two owners in its history. The property offers convenient access to local universities, making it an attractive option for students, faculty, and staff. Cleveland's economy is supported by education, healthcare, and manufacturing sectors.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.842367
    Latitude
    35.185339

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 31-unit multifamily property with renovation upside.
    Where is this apartment building located?
    The property is located at 3716 Cliffside Dr Northeast Cleveland, TN.
    What are key features of this property?
    This property features: - High occupancy & solid rental history: stabilized occupancy exceeding 95% demonstrates strong tenant demand and consistent income.; - Significant renovation upside: 71% of units already renovated with modern finishes, providing opportunity to increase rents by completing renovations on the remaining 29%.; - Strong location: prime location in Cleveland, TN, near the growing Chattanooga MSA, offering access to a larger economic base and convenient access to local universities.
    (256) 653-0065
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    3716 Cliffside Dr Northeast Cleveland, TN 37312
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    Cleveland, TN 37312
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3716 Cliffside Dr Northeast Cleveland, TN 37312
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