1745 Westside Dr Cleveland, TN 37311
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 1745 Westside Dr
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Bradley
- State
- Tennessee
- Longitude
- -84.8893407
- Latitude
- 35.1793699
