1242 Ladd Springs RD SE Cleveland, TN 37323
8,814 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1.1
Square Footage 8,814 sqft
Price per Sqft $85
MLS Listing ID 20263103
Construction Status Functional
Year Built 1976
Annual Tax Amount $931
Lot Size 1.100 Acres
Acres 1.1
Property Sub-Type Mixed Use
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.
Location
State TN
County Bradley
Zoning Commercial
Direction spring place to Ladd springs rd. Property is on your left
Interior
Interior Features Open Floorplan
Flooring Luxury Vinyl
Appliance Electric Range, Refrigerator
Exterior
Exterior Feature None
Parking Features Asphalt
Utilities Available Water Connected, Cable Available
Roof Type Pitched
Building
Lot Description Level
Foundation Slab
Lot Size Range 1.1
Sewer Septic Tank
Water Public, Well
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.
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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