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900 Stratford Cir NW

6 Unit Block of Flats £900,795 (£150,132/Unit) 4.66% Net Initial Yield Cleveland, TN 37312

Executive Summary

SIX Units - Each Unit consists of 2 bedrooms, 1.5 bathrooms, approximately 1,090 square feet.
Located in charming, and fast growing Cleveland, TN, less than 10 minutes from Lee University and walkable to Publix and the local mall, these units will have no problems maintaining occupancy.
Current rental rates are below market value.
The six units included in this portfolio have been well maintained, and have consistently remained leased.
Units are walkable to shopping, dining, and less than 5 miles to nearby universities.
On site parking, reasonable HOA rates that cover lawn, roof, trash collection, and other maintenance.
FOUR of the six units are all in one building. The other 2 are in separate buildings.

Property Facts

Price £900,795
Price Per Unit £150,132
Sale Type Investment
Net Initial Yield 4.66%
No. Units 6
Property Type Residential
Property Subtype Apartment
Apartment Style Townhome
Building Class C
Lot Size 0.33 AC
Building Size 6,498 SF
Average Occupancy 100%
Number of Floors 2
Year Built 1984
Parking Ratio 1.08/1,000 SF

Unit Amenities

  • Air Conditioning
  • Heating
  • Carpet

Site Amenities

  • 24 Hour Access

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
2+1.5 6 - 1,082 - 1,085

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 034I-B-049.00
  • 034I-B-050.00
  • 034I-B-051.00
Land Assessment
£3,729
Improvements Assessment
£37,034
Total Assessment
£40,763
  • Listing ID: 32108974

  • Date on Market: 12/06/2024

  • Last Updated:

  • Address: 900 Stratford Cir NW, Cleveland, TN 37312

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