Two-Unit Duplex for
741-745 Weeks Drive Northeast Cleveland, TN 37312
For Sale
$239,900
Duplex offering two-bedroom units with washer/dryer hookups and tenant-paid electric, water, and sewer.
Property Size1,680 SF
Price / SF$142.80
Days on Market1130
Property Features for 741-745 Weeks Drive Northeast
General Information
- Standard status
- Active
- Size
- 1,680 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: Jun 21, 2023
Changed: Jul 23
Last Checked: Jul 23 at 6:34AM
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 includes two units, each with two bedrooms and 1.5 baths. Both units feature a kitchen and living room, along with washer/dryer hookups. This configuration supports an owner-occupant setup where one side can be lived in while the other side is rented.
The property is located at 741-745 Weeks Drive Northeast in Cleveland, TN.
Tenants are responsible for electric, water, and sewer.
The property is located at 741-745 Weeks Drive Northeast in Cleveland, TN.
Tenants are responsible for electric, water, and sewer.
Key Highlights
- Duplex built in 1988 with two levels
- Each unit offers 2 bedrooms and 1.5 bathrooms
- Kitchen and living room layout in each unit
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 | $21.8k | $12.96 |
| − Vacancy | −$1.3k | −$0.75 |
| EGI | $20.5k | $12.21 |
| − OpEx | −$6.2k | −$3.66 |
| NOI | $14.4k | $8.55 |
1,680 SF · lease $12.96/SF/yr · vacancy 5.79% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$205.1K
$179.5K – $239.3K
NOI $14,359 @ 7.0% cap · market cap 5.99%
Second Best
Apartment 5plus
$178.5K
$156.2K – $208.2K
NOI $12,494 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$352.5K
$308.5K – $411.3K
NOI $24,676 @ 7.0% cap · market cap 10.29%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex offering two-bedroom units with washer/dryer hookups and tenant-paid electric, water, and sewer.
Where is this duplex located?
The property is located at 741-745 Weeks Drive Northeast Cleveland, TN.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Duplex built in 1988 with two levels; Each unit offers 2 bedrooms and 1.5 bathrooms; Kitchen and living room layout in each unit
