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Listed price in listed location currency (USD).
$1,600,000

0160

MLS® 20261430

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 5022 sqft
Garage No
HOA Fees 
Taxes $5,907
Days Active 2
Approx. Age 1986
Avg. Price Per Sqft $318
MLS® Number 20261430

Property Address: 3540 Adkisson Dr Nw, Cleveland, TN, 37312-2859

Average square foot calculated using Size range provided by listing agent.

Description

This 16-unit multifamily opportunity (two buildings with 8 units each) offers a compelling value-add investment in a high-demand rental corridor adjacent to Cleveland State Community College. The property consists of all 1 bed / 1 bath units, ideally suited for student housing, providing consistent occupancy potential and reliable rental demand. Constructed of low-maintenance brick, the asset includes an on-site laundry facility, creating an additional income stream opportunity. With its prime location near campus, tenants benefit from walkable access to school and a short drive to restaurants, retail, and I-75, enhancing long-term desirability. Value-add potential exists through interior upgrades, rent optimization, and operational efficiencies--positioning this asset for increased NOI and long-term appreciation. Ideal for investors seeking stable cash flow with upside, this property combines location, durability, and scalability in a growing rental market.
MLS® Number20261430
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelOther
Exposure
Exterior
GarageNo
Approx. Age1986
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Mar 19, 2026List Date
$1,600,000List Price
  • Commute

Commute

Starting Address
Destination Address
3540 Adkisson Dr Nw, Cleveland, TN

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