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About This Home

This 0-bedroom, 3-bathroom residential multi family at 2861 Michigan Ave Road NE in Cleveland, TN is listed for $999,900 ($202 per sqft). Built in 1997, the home offers 4,948 sqft of living space on a N/A lot.

Agent Description

Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants.

This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability. Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms.

Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare chance to acquire a stable, income-generating asset with built-in tenant base and financing flexibility. Financials available upon request.

Key Features

  • Built in 1997
  • 2 stories

Property Details

2 stories
2 full, 1 half
1997

Amenities

A/C

Monthly Cost Estimate

$5,348/mo

20% down · 6.5% · 30 years

Principal$723
Interest$4,333
Insurance$292

Estimates only. Actual payments may vary.

Location

2861 Michigan Ave Road NE

Cleveland, TN 37323

Features & Amenities

Interior Features

Open Floorplan

Property Details

Flooring

Laminate

Construction

Brick Veneer Vinyl Siding

Pool Features

Deck

Heating

Central

Cooling

Central Air

Appliances

DishwasherElectric RangeRefrigerator

Questions & Answers

This 0-bedroom, 3-bathroom residential multi family at 2861 Michigan Ave Road NE is listed at $999,900 ($202/sqft). The estimated monthly payment is $4,333 based on 20% down at 6.5% interest.

Key features include: Built in 1997, 2 stories. Interior Features: Open Floorplan.

This property is listed by Sommer Oder and can be reached at 4237906592 or sommeroder@gmail.com.

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Sommer Oder

Agent at RE/MAX Experience

(423) 790-6592

Listed by RE/MAX Experience

MLS# 20261783· Source: listhub· Updated 3 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.

2861 Michigan Ave Road NE, Cleveland, TN 37323

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