$295,000
$349,900
15.7%For more information regarding the value of a property, please contact us for a free consultation.
1014/1016 Ellis DR Cleveland, TN 37323
6,048 SqFt
Key Details
Sold Price $295,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,048 sqft
Price per Sqft $48
MLS Listing ID 1240267
Sold Date 11/08/24
Originating Board East Tennessee REALTORS® MLS
Year Built 1980
Lot Dimensions 263x458x489x152x133x201
Property Description
Discover a remarkable investment opportunity nestled on approximately 3.50 lush acres. This unique property boasts six mobile homes, each occupied by long-standing renters, ensuring a steady income stream right from the start. All homes are well-maintained, featuring central heating and air conditioning for year-round comfort, as well as durable metal roofs for added peace of mind. Each residence benefits from its own septic system, fostering a sense of independence and ease of management. Additionally, a spacious 30-foot by 40-foot block building graces the property, complete with electricity and a half bath. This versatile space is perfect for a workshop, storage, or could be adapted to suit a variety of entrepreneurial activities. The thoughtful layout emphasizes privacy and accessibility, with ample space between homes to ensure a comfortable living environment. Surrounded by the tranquil beauty of the area, residents enjoy a serene lifestyle while remaining connected to essential services and community features. This property is not just a purchase; it's a strategic investment in a stable and proven income generator. With all units currently occupied and in good standing, you can start benefiting from your investment immediately. Do not miss out on this chance; schedule your private showing today to see the potential and promise that awaits at this multi-family dwelling. Unlock the door to a valuable addition to your investment portfolio.
Location
State TN
County Bradley County - 47
Rooms
Other Rooms Mstr Bedroom Main Level
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Other
Appliance Range, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Porch - Covered, Fenced - Yard
Parking Features Off-Street Parking
Garage Description Off-Street Parking
Roof Type Metal
Garage No
Building
Faces From the intersection of 25th Street and N Ocoee Street, head towards the bypass for 4.9 miles. Turn left onto Blackburn Road and continue .7 miles. Turn left onto Ellis Drive for .2 miles. The property will be on the right.
Structure Type Other
Schools
Elementary Schools Waterville
Middle Schools Lake Forest
High Schools Bradley
Others
Restrictions No
Tax ID 065k g 008.00, 009.00, 009.00 001, 015.01
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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