101 Blythe Ferry Rd Cleveland, TN 37312
This exceptional investment opportunity presents a stabilized, seven-unit apartment building located at 101 & 103 Blythe Ferry Road NE in Cleveland, Tennessee. The property consists of two, two-story buildings totaling 6,514 square feet on a 0.93-acre lot. Built in 1970, this multifamily complex boasts a 100% occupancy rate, offering immediate cash flow. Each of the seven units features two bedrooms and one and a half bathrooms, providing comfortable living spaces ideal for families or professionals. The property is zoned for multi-family use and benefits from its prime location near Greenway Park, offering residents convenient access to outdoor recreation, shopping, and dining options. The asking price is $1,119,300, translating to a price per square foot of $171.83. The property's strong performance and desirable location make it an attractive investment for those seeking a stable and profitable venture in the Cleveland, Tennessee market. The property's parcel number is 042g H 001.02. This is a turnkey investment with no broker co-op required.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.