Two-Unit Duplex Income
4813-4815 Charwood Trail Northwest Cleveland, TN 37312
4813-4815 Charwood Trail Northwest, Cleveland, TN, 37312
$234,900
For Sale
$234,900
Duplex offers two-bedroom units with 1½ baths, kitchens, living rooms, and washer/dryer hookups.
Property Size1,740 SF
Price / SF$135
Days on Market905
Property Features for 4813-4815 Charwood Trail Northwest
General Information
- Standard status
- Active
- Size
- 1,740 SF
- Property subtype
- MultiFamily / Duplex
Building Details
- Year Built
- 1988
Listing agency
Crye-Leike, REALTORS
(423) 596-7173
Listed by
Max Phillips · License #203547
(423) 596-7173
Source
Compass
Added: Jan 29, 2024 Updated: Jul 21 at 2:11PM Checked: Jul 22 at 8:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Crye-Leike, REALTORS
Investment Insights
Based on property information with market context.
This duplex income property consists of two units, each featuring two bedrooms and 1½ bathrooms. The units include a kitchen and living room, with washer/dryer hookups provided. Public remarks indicate tenants are responsible for electric, water, and sewer.
The property is located in the northwest area of Cleveland, Tennessee, with instructions for drive-by showings only and no inside showings until an acceptable offer is obtained.
The offering is structured for flexible ownership, including options to occupy one side while renting the other, as described in the public remarks.
The property is located in the northwest area of Cleveland, Tennessee, with instructions for drive-by showings only and no inside showings until an acceptable offer is obtained.
The offering is structured for flexible ownership, including options to occupy one side while renting the other, as described in the public remarks.
Key Highlights
- Duplex with two 2‑bedroom units and 1.5 baths each, with kitchen and living room in every unit
- Washer/dryer hookups available in both units
- Central air and central heating included
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 | $22.6k | $12.96 |
| − Vacancy | −$1.3k | −$0.75 |
| EGI | $21.2k | $12.21 |
| − OpEx | −$6.4k | −$3.66 |
| NOI | $14.9k | $8.55 |
1,740 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$212.4K
$185.9K – $247.9K
NOI $14,871 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$184.9K
$161.8K – $215.7K
NOI $12,940 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$365.1K
$319.5K – $426.0K
NOI $25,557 @ 7.0% cap · market cap 10.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex offers two-bedroom units with 1½ baths, kitchens, living rooms, and washer/dryer hookups.
Where is this duplex located?
The property is located at 4813-4815 Charwood Trail Northwest Cleveland, TN.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: Duplex with two 2‑bedroom units and 1.5 baths each, with kitchen and living room in every unit; Washer/dryer hookups available in both units; Central air and central heating included
