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3716 Cliffside Dr Northeast Cleveland, TN 37312

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For Sale
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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

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.
More about this property
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