= Required Field.

Already a Member?

Email Address:

Password:

Re-Enter Password:

First Name:

Last Name:

Country:

Zip/Postal Code:

Ext.

Day Phone:

Yes, I want to receive LoopNet's weekly newsletter "LoopNews" and information about LoopNet promotions and special offers.

No Thanks.

By clicking the button above, you are indicating that you have read, understood, and agree to LoopNet's Terms and Conditions.

We will NOT share your email address.
View Our Privacy Policy.

Welcome to LoopNet! Check out the listing below or search over 725,000 other listings.

Select a Property Type

You may enter a US or Canadian location in the following formats:

Zip Code
City, State
State

For additional search options, go to Advanced Search Advanced Search Advanced Search.

e.g. Los Angeles, CA or 91016

Advanced Search

Browse More Listings in Multifamily For Sale, Cleveland, TN or Tennessee

Multifamily Property For Sale

PINECREEK 38 UNIT APARTMENT COMMUNITY

717 20TH STREET SE, Cleveland, TN 37311

Price:
$875,000
No. Units:
38
Building Size:
24,276 SF
Price/Unit:
$23,026.32
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
3%
Cap Rate:
10.80%
Occupancy:
90%
Lot Size:
2.25 AC
Find Out More...

Last Verified 11/5/2009 Listing ID 16336896

Description

38 UNIT COMPLEX. 20 ONE BEDROOMS AND 18 TWO BEDROOMS. NEW ROOFS. NEW PAINT. MANY NEW AC UNITS. LOCATED CLOSE TO INDUSTRIAL PLANTS, COCA COLA BOTTLING COMPANY AND APX 10-15 MILES FROM NEW 1 BILLION DOLLAR (VW) vOLTS WAGON ALSO WACKER CHEMICAL IS BUILDING A 1 BILLION DOLLAR CHEMICAL COMPANY IN CLEVELAND AS WELL. ONLY 5-15 MINUTES AWAY. . **OWNER may FINANCE WITH REASONABLE AMOUNT DOWN**

Agent willing to put in $40,000 for a silent ownership interest.

CLEVELAND TN 20 MINUTES FROM CHATTANOOGA TN AND 20 MINUTES FROM DALTON GA THE CARPET CAPITAL OF THE WORLD

Financial Summary

Actual
Year
2008
Effective Gross Income
$141,839
Operating Expenses
$47,158
Net Operating Income
$94,681

Map of 717 20TH STREET SE, Cleveland, TN 37311 (Bradley County)

Hide Map

Contact Listing Broker to find out more details.

Presented by

The James Company Real Estate Brokers and Developement

Request additional information

Contact Listing Broker

Stewart Phillips (423) 544-0002

Track changes to this property: Watch This Property
Share this listing: Send to Friend; Link to This Listing

Link
Copy the link above and share via email or IM.; Embed This on Your Web Site; Share on Facebook; Share on LinkedIn; Share on Twitter
Additional Options: Print Listing; View Map; Demographics; Research Price; Get Financing

Created 7/29/2009

Additional Information for 717 20th Street Se, Cleveland, TN 37311

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

Comparable Properties for 717 20TH STREET SE, Cleveland, TN 37311

Nearby Multifamily properties for saleSearch all commercial real estate for sale

Fletcher Smith Mobile Home Park
$143,000
12 Units

Nearby Recently Sold Multifamily propertiesSearch all recently sold commercial real estate

Garden/Low-Rise
Sold 4Q 2006
Garden/Low-Rise
Sold 2Q 2005
Garden/Low-Rise
Sold 3Q 2005
Garden/Low-Rise
Sold 2Q 2008
Garden/Low-Rise
Sold 1Q 2007

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

Embed this Listing on Your Website

Multifamily Property For Sale - PINECREEK 38 UNIT APARTMENT COMMUNITY

717 20TH STREET SE, Cleveland, TN, 37311