Entity Owned Property summary
This exceptional 41-unit apartment building in Cleveland, Tennessee presents a compelling value-add investment opportunity. Priced at $3,000,000, this property boasts a current NOI of $293,941 and a 9.80% cap rate, with a pro-forma NOI of $374,015 and a pro-forma cap rate of 12.47%. The 15,056 square foot complex sits on a 1.53-acre lot and comprises three buildings, recently renovated in 2023. The renovation included a new roof, repaved and painted parking lots, new windows, updated PTAC… units, electrical and plumbing upgrades, sheetrock, flooring, and interior finishes in most units. The unit mix includes sixteen 1-bedroom/1-bathroom units, twenty-four studio units, and one 2-bedroom/1-bathroom unit, plus an additional office and leasing space. Currently, the property has full occupancy, offering immediate cash flow and significant upside potential. The existing rent roll shows potential for increased revenue through improved management practices. Further value-add opportunities exist, such as installing on-site laundry facilities to enhance tenant amenities and boost income. This property offers a rare chance to acquire a stabilized asset with substantial room for growth and immediate return on investment. The property was built in 1972 and offers a price per unit of $73,170.73.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2023
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
5 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 8,000 SF
- Lot area
- 1 ac
- Year built
- 1944
- Stories
- 1
- APN
- 057B K 002.00 000
- Zoning
- CH
- Assessed value · 2023
- $93,160
- Annual tax · 2023
- $1,341
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Official district profile
CH zone. E. Car wash. F. Oil change facilities. (As amended by Ord. #11, March 2001, Ord. #20, March 2002, and Ord. #23, Sept. 2002) G. Animal Kennel and Boarding (as amended by Ord. #25, Aug. 2020) H. Nightclubs (as ame…
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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