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4 Family New Construction, Completed Soon 1907 Gate Tower NE way 7616 Unit Apartment Building $997,500 ($131/Unit) Cleveland, TN 37312
Investment Highlights
- New Construction
- Additional Building Available
- Low Maintenance
- 4 Family/ Quadplex
- Quality Construction
Executive Summary
Prime Investment Opportunity. New Construction Quadplex/ 4 Family. Estimated completion of April 2026. Ideal property for investor or owner occupancy. VA/ FHA/ 1031 exchange welcome. For an investor wanting a larger portfolio, an additional quadplex to be completed soon. Quality construction and designed for low maintenance. Each residence is spacious with 1562 sq ft, 3 bedrooms, 2.5 bathrooms, 1 car garage, 9 foot ceilings on the main level, vaulted ceilings in all bedrooms with ceiling fans, 2 story foyer, LVP flooring, soft close shaker cabinets, granite countertops, kitchen island, stainless steel appliances, back patio, and lawn area. Property taxes to be determined. Information is deemed reliable but is not guaranteed. Buyers are responsible to independently verify all information. Agent has a personal interest. Local Lender recommendations available. Buyers should be pre-approved with a lender before requesting appointments. APPOINTMENTS ARE REQUIRED - NO TRESPASSING. Don't delay and call today!
Property Facts
| Price | $997,500 | Apartment Style | Townhome |
| Price Per Unit | $131 | Building Class | B |
| Sale Type | Investment | Lot Size | 1.11 AC |
| No. Units | 7616 | Building Size | 8,247 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2026 |
| Zoning | Rs - Residential | ||
| Price | $997,500 |
| Price Per Unit | $131 |
| Sale Type | Investment |
| No. Units | 7616 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 1.11 AC |
| Building Size | 8,247 SF |
| No. Stories | 2 |
| Year Built | 2026 |
| Zoning | Rs - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2.5 | 7616 | $1,898 | 1,562 |
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Property Taxes
| Parcel Number | 050E-H-031.00 | Improvements Assessment | $52,425 |
| Land Assessment | $5,500 | Total Assessment | $57,925 |
Property Taxes
Parcel Number
050E-H-031.00
Land Assessment
$5,500
Improvements Assessment
$52,425
Total Assessment
$57,925
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4 Family New Construction, Completed Soon | 1907 Gate Tower NE way
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