1242 Ladd Springs RD SE Cleveland, TN 37323
8,814 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 8,814 sqft
Price per Sqft $85
MLS Listing ID 20263102
Style Ranch
Full Baths 1
Construction Status Functional
HOA Y/N No
Abv Grd Liv Area 550
Year Built 1976
Annual Tax Amount $931
Property Sub-Type Apartment
Source River Counties Association of REALTORS®
Property Description
Excellent investment opportunity featuring eight fully occupied one-bedroom apartments and a central retail space, all conveniently located on one level. The property is designed with four apartment units on each side of the retail space, creating an efficient layout and strong income potential.
Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors.
Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components.
Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
Location
State TN
County Bradley
Direction Spring place to left on Ladd Springs property will be on your left
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s)
Flooring Luxury Vinyl
Window Features Other
Appliance Electric Range, Refrigerator
Laundry Other
Exterior
Exterior Feature None
Parking Features Asphalt
Fence None
Pool None
Community Features None
Utilities Available Water Connected, Sewer Not Available, Cable Available, Electricity Connected
View Y/N false
Roof Type Pitched
Porch None
Building
Lot Description Level
Dwelling Type Warehouse,Retail,Multi Family
Entry Level One
Foundation Slab
Sewer Septic Tank
Water Public, Well
Architectural Style Ranch
New Construction No
Construction Status Functional
Schools
Elementary Schools Waterville
Middle Schools Lake Forest
High Schools Bradley Central
Others
Tax ID 082 00602 000
Miscellaneous Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring eight fully occupied one-bedroom apartments and a central retail space, all conveniently located on one level. The property is designed with four apartment units on each side of the retail space, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Pets Allowed No
NEARBY SCHOOL & BUSINESS
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