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About This Home

This 0-bedroom, 0-bathroom commercial at 1242 Ladd Springs Road SE in Cleveland, TN is listed for $800,000 ($91 per sqft). Built in 1976, the home offers 8,814 sqft of living space on a 1.10 acres lot.

Agent Description

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.

Key Features

  • Built in 1976
  • 1.10 acre lot

Property Details

1976

Monthly Cost Estimate

$4,279/mo

20% down · 6.5% · 30 years

Principal$579
Interest$3,467
Insurance$233

Estimates only. Actual payments may vary.

Location

1242 Ladd Springs Road SE

Cleveland, TN 37323

Features & Amenities

Interior Features

Open Floorplan

Property Details

Flooring

Vinyl

Construction

Block

Appliances

Electric RangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 1242 Ladd Springs Road SE is listed at $800,000 ($91/sqft). The estimated monthly payment is $3,467 based on 20% down at 6.5% interest.

Key features include: Built in 1976, 1.10 acre lot. Interior Features: Open Floorplan.

This property is listed by Tammy Johnson and can be reached at 4233220197 or tnrealestate4u@hotmail.com.

TJ

Tammy Johnson

Agent at Coldwell Banker Kinard Realty

(423) 322-0197

Listed by Coldwell Banker Kinard Realty

MLS# 20263103· Source: listhub· Updated 1 days ago

Copyright © 2026 River Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1242 Ladd Springs Road SE, Cleveland, TN 37323

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