92-Unit Apartment
37000422 Stephens Rd Ne Cleveland, TN 37312
For Sale
$7,999,900
Well-maintained 92-unit apartment community with on-site laundry and recent exterior and interior upgrades.
Days on Market57
Property Features for 37000422 Stephens Rd Ne
General Information
- Standard status
- Active
Listing Agency:
Crye-Leike REALTORS - Cleveland
(423) 596-7173
Listed By:
Max Phillips · License #203547
(423) 596-7173
Source:
Exprealty
Added: May 29
Changed: Jul 22
Last Checked: Jul 23 at 9:34AM
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 - Cleveland
Investment Insights
Based on property information with market context.
This well-maintained 92-unit apartment community consists of 64 one-bedroom/one-bath units, 19 two-bedroom/one-and-a-half-bath units, and 8 two-bedroom/one-and-a-half-bath units with washer and dryer hookups, plus 1 one-bedroom/one-bath unit with a washer/dryer hookup. Tenants have access to a community laundry facility with pay-per-use washers and dryers, and the owner pays water and sewer.
The property includes seven buildings constructed in 1978 and seven buildings constructed in 1984. Recent capital improvements reported include replacement of the main water line, new roofs, new windows, new steel steps, new paving, new gutters, updated siding and exterior painting, and new dumpsters. Interior upgrades include Allure Traffic Master flooring installed in approximately 90 percent of units, new HVAC systems in an estimated 80 percent of units, and new appliances.
Overall, the mix of in-unit laundry hookups and pay-per-use community laundry, along with the documented exterior and interior refresh, supports a turnkey, updated residential income asset.
The property includes seven buildings constructed in 1978 and seven buildings constructed in 1984. Recent capital improvements reported include replacement of the main water line, new roofs, new windows, new steel steps, new paving, new gutters, updated siding and exterior painting, and new dumpsters. Interior upgrades include Allure Traffic Master flooring installed in approximately 90 percent of units, new HVAC systems in an estimated 80 percent of units, and new appliances.
Overall, the mix of in-unit laundry hookups and pay-per-use community laundry, along with the documented exterior and interior refresh, supports a turnkey, updated residential income asset.
Key Highlights
- Well‑maintained 92‑unit apartment community in Cleveland
- Unit mix includes 64 1BD/1BA, 19 2BD/1.5BA, 8 2BD/1.5BA (washer/dryer hookups), and 1 1BD/1BA (washer/dryer hookup)
- Owner pays water and sewer; tenants have access to a community laundry facility with pay‑per‑use washers and dryers
Property Analytics
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
What type of property is this?
Apartment building - Well-maintained 92-unit apartment community with on-site laundry and recent exterior and interior upgrades.
Where is this apartment building located?
The property is located at 37000422 Stephens Rd Ne Cleveland, TN.
What is the asking price?
The asking price for this property is $7,999,900.
What are key features of this property?
This property features: Well‑maintained 92‑unit apartment community in Cleveland; Unit mix includes 64 1BD/1BA, 19 2BD/1.5BA, 8 2BD/1.5BA (washer/dryer hookups), and 1 1BD/1BA (washer/dryer hookup); Owner pays water and sewer; tenants have access to a community laundry facility with pay‑per‑use washers and dryers
