Brick Cottage Short-Term
For Sale
$259,000
Pending
4410 Michigan Avenue Road NE, Cleveland, TN 37323
MULTI_FAMILY - Cleveland, TN
Property Size1,510 SF
Lot Size1.60 Acres
Days on Market190
Property Features for 4410 Michigan Avenue Road NE
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
2
Full bathrooms
1
Half bathrooms
1
Rooms
Bathroom 1, Bathroom 2
Parking features
Driveway
Window features
Double Pane Windows, Insulated Windows
Patio and Porch features
Patio
Interior features
Walk-In Shower, Storage, Open Floorplan, High Ceilings, Ceiling Fan(s), Crown Molding
Exterior features
Rain Gutters
Appliances
Washer, Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator
Subdivision
Dry Valley Springs
Lot features
Creek/ Stream, Level, Creek/ Stream, Level
Elementary school
North Lee
Middle school
Ocoee
High school
Walker Valley
Directions
From North Lee Highway: Turn right onto Stuart Road.Turn left onto Michigan Avenue. Home is a little ways down on the right.
Standard status
Pending
APN
043 00205 000
Size
1,510 SF
Lot size
1.60 Acres
Taxes and HOA fees
Tax Annual Amount
847
Utilities
Sewer type
Septic Tank
Heating system
Central, Natural Gas
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
1998
Floors in Building
2
Flooring type
Carpet, Vinyl
Building materials
Brick
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Bridge Real Estate Group
(423) 479-8721
Listed By:
Cristy Schuch · License #351771
(423) 650-6856
Added: Jan 27
Changed: Aug 4
Last Checked: Aug 4 at 11:06PM
MLS# 20260447
Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick cottage short-term rental property on 1.6 acres featuring one bedroom and 1.5 baths. The home is offered furnished and includes in-home living details such as an open floorplan, high ceilings, ceiling fans, crown molding, walk-in shower, and storage. Comfort features include natural gas central heating and central air with ceiling fans. Exterior improvements include rain gutters and a patio, and the property is served by public water with a septic tank.
Backed by a running creek, the setting combines quiet country surroundings with proximity to everyday conveniences. The home has an established short-term rental track record, earning Airbnb “Super Host” status for five consecutive years, with 169+ reviews and over 95 percent five-star ratings.
Recent upgrades include a new roof, new water heater, full asphalt driveway and parking area, new flooring downstairs, and select plumbing updates. Monthly pest control treatments are in place, and a transferable home warranty is paid through February 23, 2029.
Backed by a running creek, the setting combines quiet country surroundings with proximity to everyday conveniences. The home has an established short-term rental track record, earning Airbnb “Super Host” status for five consecutive years, with 169+ reviews and over 95 percent five-star ratings.
Recent upgrades include a new roof, new water heater, full asphalt driveway and parking area, new flooring downstairs, and select plumbing updates. Monthly pest control treatments are in place, and a transferable home warranty is paid through February 23, 2029.
Key Highlights
- One bedroom and 1.5 baths in a furnished brick cottage
- 1.6 acres backed by a running creek setting
- 1510 SF with open floorplan and high ceilings
Financial Insights For Apartment 5plus
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 | $21.7k | $14.40 |
| − Vacancy | −$1.3k | −$0.88 |
| EGI | $20.4k | $13.52 |
| − OpEx | −$9.2k | −$6.08 |
| NOI | $11.2k | $7.44 |
1,510 SF · lease $14.40/SF/yr · vacancy 6.10% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$160.4K
$140.4K – $187.2K
NOI $11,230 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$316.8K
$277.2K – $369.7K
NOI $22,179 @ 7.0% cap · market cap 8.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
29
Businesses Nearby
Explore this area
Business Placement
Demographics for 37323, TN
31,497
Population
12,841
Households
2.5
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
114.6 sq mi
ZIP Area
275
Density / Sq Mi
$67,538
Median Household Income
$41,922
Median Earnings
$908
Median Rent
$213,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Short term rental property - Brick cottage with one bedroom and 1.5 baths, furnished for short-term stays and supported by established Airbnb performance.
Where is this short term rental property located?
The property is located at 4410 Michigan Avenue Road NE Cleveland, TN.
What is the asking price?
The asking price for this property is $259,000.
What are key features of this property?
This property features: One bedroom and 1.5 baths in a furnished brick cottage; 1.6 acres backed by a running creek setting; 1510 SF with open floorplan and high ceilings
