It's almost impossible to find a 8.7 Cap rate investment property these days. This 4-unit, two bedroom, one bath quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.
Listing Courtesy of RIVER COUNTIES / Listed By: Adam Hammond, Bender Realty
$460,000 (USD)
Cleveland Area Multi-Family Home
Pending
555 Wildwood Avenue SE Cleveland, TN 37311
8 Bed
5 Baths
2200 sqft
MLS# 1533096
It's almost impossible to find a 8.5 Cap rate investment property these days. This 4-unit, two bedroom, one bath quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$399,900 (USD)
Cleveland Area Land
Active
00 Valley Head Road NW Cleveland, TN 37312
Bed
0 Baths
sqft
MLS# 20261346
MULTIFAMILY DEVELOPMENT LAND opportunity in the heart of Cleveland just off Paul Huff Parkway! This listing is for two parcels totaling approximately 1.21 acres right across from the side entrance to Publix. The City of Cleveland has approved a Planned Unit Development for up to 50 townhouse units to be built across multiple parcels. Engineering has been partially completed By Berry Engineers LLC for this portion of PUD 63 for the construction of 18-20 town house units. The preliminary site plan can be seen in the photos. A survey will be provided by the seller upon request. Engineering has not been completed, and the buyer will need to seek final approval from the City for final engineering, site plans and construction.
Two additional lots have been sold, engineering completed, and construction of 19 units on the 1.21 acres of lots 44 & 45 will begin soon.
Please contact listing agent for additional details
Listing Courtesy of RIVER COUNTIES / Listed By: Adam Hammond, Bender Realty
$399,900 (USD)
Cleveland Area Land
Active
00 Valley Head Road NW Cleveland, TN 37312
Bed
0 Baths
sqft
MLS# 1530526
MULTIFAMILY DEVELOPMENT LAND opportunity in the heart of Cleveland just off Paul Huff Parkway! This listing is for two parcels totaling approximately 1.21 acres right across from the side entrance to Publix. The City of Cleveland has approved a Planned Unit Development for up to 50 townhouse units to be built across multiple parcels. Engineering has been partially completed By Berry Engineers LLC for this portion of PUD 63 for the construction of 18-20 town house units.
The preliminary site plan can be seen in the photos. A survey will be provided by the seller upon request. Engineering has not been completed, and the buyer will need to seek final approval from the City for final engineering, site plans and construction.
Two additional lots have been sold, engineering completed, and construction of 19 units on the 1.21 acres of lots 44 & 45 will begin soon.
Please contact listing agent for additional details
Listing Agent has a personal interest in this property.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$349,900 (USD)
Cleveland Area Single Family Home
Active
3226 Parkstone Place NW Cleveland, TN 37312
2 Bed
2 Baths
1117 sqft
MLS# 20262367
Welcome to this beautifully crafted 2-bedroom, 2 full bathroom home in the highly desirable Parkstone Village subdivision--built in 2023 and thoughtfully designed for comfort, accessibility, and modern living. This handicap-accessible home features an open-concept layout highlighted by vaulted ceilings in the living room and a cozy electric fireplace, creating a bright and inviting space.
The kitchen is equipped with granite countertops throughout and stainless steel appliances, offering both style and functionality. The living and dining areas flow seamlessly, making it ideal for everyday living or entertaining. The primary suite includes a spacious walk-in closet and a private full bathroom, while the second bedroom is conveniently located near an additional full bath.
Both bedrooms feature sliding glass doors that lead directly to the backyard, enhancing the home's indoor-outdoor appeal. A dedicated laundry room with its own sink adds extra convenience.
Enjoy the outdoors from the covered front porch or relax on the back patio overlooking the fenced-in backyard with a wooden privacy fence. The seller has upgraded the yard with Bermuda sod, and the property extends beyond the fenced area, providing additional usable space.
Located in Parkstone Village, this home offers sidewalks and a prime Cleveland location just minutes from the Greenway, shopping, medical offices, and easy interstate access.
This nearly new home combines thoughtful upgrades, accessibility, and a fantastic location--schedule your showing today!
Listing Courtesy of RIVER COUNTIES / Listed By: Adam Hammond, Bender Realty
$349,900 (USD)
Cleveland Area Single Family Home
Active
3226 Parkstone Place Cleveland, TN 37312
2 Bed
2 Baths
1117 sqft
MLS# 1534079
Welcome to this beautifully crafted 2-bedroom, 2 full bathroom home in the highly desirable Parkstone Village subdivision--built in 2023 and thoughtfully designed for comfort, accessibility, and modern living. This handicap-accessible home features an open-concept layout highlighted by vaulted ceilings in the living room and a cozy electric fireplace, creating a bright and inviting space.
The kitchen is equipped with granite countertops throughout and stainless steel appliances, offering both style and functionality. The living and dining areas flow seamlessly, making it ideal for everyday living or entertaining. The primary suite includes a spacious walk-in closet and a private full bathroom, while the second bedroom is conveniently located near an additional full bath.
Both bedrooms feature sliding glass doors that lead directly to the backyard, enhancing the home's indoor-outdoor appeal. A dedicated laundry room with its own sink adds extra convenience.
Enjoy the outdoors from the covered front porch or relax on the back patio overlooking the fenced-in backyard with a wooden privacy fence. The seller has upgraded the yard with Bermuda sod, and the property extends beyond the fenced area, providing additional usable space.
Located in Parkstone Village, this home offers sidewalks and a prime Cleveland location just minutes from the Greenway, shopping, medical offices, and easy interstate access.
This nearly new home combines thoughtful upgrades, accessibility, and a fantastic location--schedule your showing today!
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$279,900 (USD)
Cleveland Area Single Family Home
Pending
2234 Basswood Place SE Cleveland, TN 37323
3 Bed
3 Baths
1956 sqft
MLS# 1529650
Welcome to 2234 Basswood Place, located in Cleveland. This well-maintained 3-bedroom, 3-bath home offers comfortable living space, functional updates, new windows and a convenient location.
The main living area features hardwood floors and a layout that works well for both everyday living and entertaining. The kitchen includes granite countertops, ample cabinet space, and plenty of room for meal preparation and storage.
The finished basement adds valuable additional space with a family room and a bonus room that can serve as a home office, workout area, guest room, or hobby space. This flexible lower level provides options to fit a variety of needs.
Outside, the backyard offers a clear, open space suitable for outdoor activities, pets, or gardening. The back deck provides room for outdoor seating, grilling, and gatherings.
Conveniently located, this home is just minutes from local schools, shopping, dining, and medical facilities. It offers easy access to downtown Cleveland, Lee University, and major roadways for commuting. This property combines practical features, additional living space, and a location close to everyday amenities.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$259,900 (USD)
Cleveland Area Single Family Home
Pending
1706 Westland Drive SW Cleveland, TN 37311
3 Bed
2 Baths
1145 sqft
MLS# 1530470
Brand new construction in a convenient Cleveland location! This 3 bedroom, 2 bathroom home offers just under 1,200 square feet with a bright open floor plan designed for comfortable living and easy entertaining. The kitchen features granite countertops, brand new appliances, and plenty of workspace. The functional layout maximizes every square foot while providing modern finishes throughout. Located in a centrally located area with quick access to shopping, dining, and everyday conveniences, this home is perfect for first-time buyers, downsizers, or anyone looking for brand new construction.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$255,900 (USD)
Cleveland Area Multi-Family Home
Pending
1845 Green Drive NW Cleveland, TN 37311
Bed
3 Baths
1749 sqft
MLS# 1533139
This is what everyone is wanting... One level brick duplex generating $1,825/month with long-term tenants already in place. 6.75 Cap Rate Centrally located with convenient access to shopping, dining, and major roadways. Great opportunity for investors seeing multi-family in a high demand rental area.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$255,900 (USD)
Cleveland Area Multi-Family Home
Pending
1845 Green Drive NW A &Amp B Cleveland, TN 37311
Bed
2 Baths
1749 sqft
MLS# 20262117
This is what everyone is wanting... One level brick duplex generating $1,825/month with long-term tenants already in place. Centrally located with convenient access to shopping, dining, and major roadways. Great opportunity for investors seeing multi-family in a high demand rental area.
Listing Courtesy of RIVER COUNTIES / Listed By: Adam Hammond, Bender Realty
$52,900 (USD)
Cleveland Area Land
Active
00 Wilton Lane NW Cleveland, TN 37312
Bed
0 Baths
sqft
MLS# 1518207
Discover the perfect opportunity to build your dream home on this beautiful 0.71-acre wooded lot, nestled in the highly sought-after gated community of Bentley Park. This private homesite offers both serenity and convenience, with utilities already available at the end of the road for an easy build process.
Bentley Park is known for its upscale amenities and strong sense of community. Residents enjoy access to two well-maintained parks, a clubhouse featuring a private event space and a fully equipped gym located in the basement, pickleball courts, sidewalks throughout, and charming lamp posts that enhance the neighborhood's inviting atmosphere.
This lot provides a rare combination of natural beauty and modern conveniences, making it an ideal spot for your custom home with potential for a breath taking view. Whether you're looking for a peaceful retreat or an active lifestyle, Bentley Park offers the best of both worlds.
Listing Courtesy of GREATER CHATTANOOGA / Listed By: Adam Hammond, Bender Realty
$52,900 (USD)
Cleveland Area Land
Active
00 Wilton Lane NW Cleveland, TN 37312
Bed
0 Baths
sqft
MLS# 20253666
Discover the perfect opportunity to build your dream home on this beautiful 0.71-acre wooded lot, nestled in the highly sought-after gated community of Bentley Park. This private homesite offers both serenity and convenience, with utilities already available at the end of the road for an easy build process.
Bentley Park is known for its upscale amenities and strong sense of community. Residents enjoy access to two well-maintained parks, a clubhouse featuring a private event space and a fully equipped gym located in the basement, pickleball courts, sidewalks throughout, and charming lamp posts that enhance the neighborhood's inviting atmosphere.
This lot provides a rare combination of natural beauty and modern conveniences, making it an ideal spot for your custom home with potential for a breath taking view. Whether you're looking for a peaceful retreat or an active lifestyle, Bentley Park offers the best of both worlds.
Listing Courtesy of RIVER COUNTIES / Listed By: Adam Hammond, Bender Realty