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    1745 Westside Dr Cleveland, TN 37311

    Sponsored
    For Sale
    $325,000

    4-Unit Value-Add Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity in Cleveland, TN, presents a 4-unit multifamily property on 1.7 acres of land, offering significant value-add potential. Currently boasting 100% occupancy and a projected NOI of $45,730, resulting in a 14.07% pro-forma cap rate, this property is priced at $325,000. The property consists of three units at 1745, 1755, and 1795 Westside Drive NW, and is located in a rapidly growing neighborhood with convenient access to I-75, downtown Cleveland, local schools, and amenities. Its prime location offers easy accessibility to Chattanooga. This mixed-use land presents a unique opportunity for redevelopment or expansion, making it an attractive investment for those seeking to capitalize on Cleveland's growth. The property's strong performance and strategic location make it an ideal addition to any investment portfolio, offering a solid foundation for long-term growth and returns. This is a value-add and development opportunity in a prime location. The property is zoned for multifamily use. The address is 1745 Westside Drive NW, Cleveland, TN 37311.

    Property Features for 1745 Westside Dr

    General Information

    Property type
    Multifamily properties

    HighLights

    • 4‑unit multifamily property on 1.7 acres in Cleveland, TN.
    • 100% occupancy with a projected NOI of $45,730 and a 14.07% pro‑forma cap rate.
    • Priced at $325,000.
    • Located near I‑75, downtown Cleveland, schools, and amenities, with easy access to Chattanooga.
    • Zoned for multifamily use, offering value‑add and redevelopment potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Bradley
    State
    Tennessee
    Longitude
    -84.8893407
    Latitude
    35.1793699

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    FAQs

    What type of property is this?
    Multifamily property - 4-Unit Value-Add Investment Opportunity
    Where is this multifamily property located?
    The property is located at 1745 Westside Dr Cleveland, TN.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: 4-unit multifamily property on 1.7 acres in Cleveland, TN.; 100% occupancy with a projected NOI of $45,730 and a 14.07% pro-forma cap rate.; Priced at $325,000.
    Request Owner's contact information
    1745 Westside Dr Cleveland, TN 37311
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1745 Westside Dr Cleveland, TN 37311
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