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555 Wildwood Ave SE 4 Unit Apartment Building Offered at $460,000 at a 8.70% Cap Rate Cleveland, TN 37311
Investment Highlights
- Fully Remodeled
- High Occupency
- Centrally Located
Executive Summary
It's almost impossible to find a 8.5 Cap rate investment property these days. This 4-unit quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts Under Contract
| Price | $460,000 | Lot Size | 0.38 AC |
| Price Per Unit | $115,000 | Building Size | 2,200 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.70% | No. Stories | 1 |
| Gross Rent Multiplier | 9.8 | Year Built/Renovated | 1983/2024 |
| No. Units | 4 | Parking Ratio | 8.18/1,000 SF |
| Property Type | Multifamily | ||
| Zoning | R2 | ||
| Price | $460,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| Cap Rate | 8.70% |
| Gross Rent Multiplier | 9.8 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.38 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2024 |
| Parking Ratio | 8.18/1,000 SF |
| Zoning | R2 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
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Presented by
Bender Realty, LLC
555 Wildwood Ave SE
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