1401 Wildwood Lake Road SE
Cleveland, TN 37311
- 8 beds
- 4 baths
- 2,675 sqft
- 14,810 sqft lot
- $167 per sqft
- 1980 build
- – on site
Attention Investors! High Cash Flow 4-Unit Building with Over 9% Cap Rate This large, well-maintained brick 4-unit apartment building is a prime investment opportunity, offering a cap rate of over 9% and steady, reliable cash flow. With a solid rental history and high tenant demand, this property is an ideal addition to your investment portfolio. Each of the four 2-bedroom, 1-bathroom units is rented on a weekly basis, increasing revenue potential and ensuring consistent cash flow. The building has a proven track record of stable occupancy, making it a secure income-generating asset. All units are equipped with central heat and air, providing tenants with comfort throughout the year. Additionally, the property features paved off-street parking, offering added convenience. Located just minutes from Lee University and downtown Cleveland, this property is perfectly situated to attract and retain tenants, ensuring ongoing demand. With its high cap rate, solid rental history, and desirable location, this property offers a fantastic opportunity for investors seeking reliable income and long-term growth. Call for revenue and occupancy information!
Last checked:
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Checking…
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Last updated Jan 10, 2025
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MLS# 1505510 —
The Building
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Year Built:1980
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New Construction:false
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Construction Materials:Brick
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Stories Total:None
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Basement:false
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Foundation Details:Combination
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Exterior Features:None
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Building Area Total:2675.0
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Above Grade Finished Area:2675.0
Interior
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Furnished:None
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Fireplace:false
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Zoning Description:None
Room Dimensions
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Living Area:2675.0
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Living Area Units:None
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Living Area Source:Tax Records
Location
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Directions:South on Wildwood Ave. Left on Wildwood Lake Rd. Property will be on your left.
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Latitude:35.141319
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Longitude:-84.868041
The Property
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Parcel Number:057l M 009.00
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Property Type:Residential
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Property Subtype:Mixed Use
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Direction Faces:None
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Possible Use:None
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Lot Size Acres:0.34
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Lot Size Area:0.34
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Lot Size Dimensions:147x99x146x99
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Lot Size SqFt:14810.4
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Lot Size Units:Acres
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Lot Size Source:None
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Additional Parcels:false
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Zoning:None
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Topography:None
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View:false
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Pool Private:No
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (423) 802-0066
- Office phone:
- (423) 664-1600
Taxes
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Tax Legal Description:057L M 009.00
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Tax Annual Amount:2364.15
Beds
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Bedrooms Total:8
Baths
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Total Baths:4.0
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Total Baths:4
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Full Baths:4
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Three Quarter Baths:None
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Quarter Baths:None
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Partial Baths:None
The Listing
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Home Warranty:false
Heating & Cooling
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Heating:No
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Cooling:Central Air
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Cooling:true
Utilities
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Utilities:Electricity Connected
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Water Source:Public
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Sewer:Public Sewer
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Electric:None
Appliances
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Appliances:Electric Range
Schools
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Elementary School:Blythe-Bower Elementary
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Elementary School District:None
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Middle Or Junior School:Cleveland Middle
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Middle Or Junior School District:None
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High School:Cleveland High
The Community
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Subdivision Name:None
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Senior Community:false
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Association:false
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Association Fee 2:None
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Association Fee 2 Frequency:None
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Pets Allowed:None
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Features:Asphalt, Off Street
Monthly cost estimate
Asking price
$447,400
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,395
|
| Taxes | $197 |
| Insurance | $123 |
| Utilities | $198 See report |
| Total | $2,913/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/10/25
Jan 10, 2025
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Listed / Active | CHTMLS | $447,400 | 113.1% (26.4% / YR) |
|
10/1/20
Oct 1, 2020
|
REALTRACS | $209,900 | ||
|
3/10/17
Mar 10, 2017
|
Sold | REALTRACS |
