USATNCleveland3700/04/22 Stephens Rd Ne
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3700/04/22 Stephens Rd Ne, Cleveland, TN

Real Estate

For Sale

Listed price in listed location currency (USD).
$8,499,900

00133

MLS® 20261220

  • Key Facts
  • Description
  • Map

Key Facts

Type Business
Levels Commercial Sale
Size 61954 sqft
Garage No
HOA Fees 
Taxes $36,358
Days Active 1
Approx. Age 1978
Avg. Price Per Sqft $137
MLS® Number 20261220

Property Address: 3700/04/22 Stephens Rd Ne, Cleveland, TN, 37312-5754

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

Description

Excellent Investment Opportunity! Well maintained 92-unit apartment community in Prime Cleveland Location. Positioned in an outstanding location just 5 minutes from everything Cleveland has to offer. This well-established 92-unit apartment community provides a strong investment opportunity with a desirable unit mix & extensive recent improvements. The property consists of: 64 one-bedroom/one bath units, 19 two bedroom/one and a half bath units, 8 two bedroom/one and a half bath units with washer & dryer hookups, and 1 one bedroom/one bath unit with washer & dryer hookup, offering attractive options for a wide range of tenants. The owner currently pays water & sewer, & tenants enjoy access to a community laundry facility with pay-per-use washers & dryers. Significant capital improvements have been completed throughout the complex, including replacement of the main water line, new roofs, new windows, new steel steps, new paving, new gutters, updated siding and exterior paints, & new dumpsters. Interior upgrades include Allure Traffic Master flooring installed in approximately 90 percent of the units, new HVAC systems in an estimated 80 percent of the units, & new appliances. In addition, the property has benefited from the removal of a substantial number of trees, enhancing both visibility & overall curb appeal. Located in a superb, highly convenient area of Cleveland, this apartment community offers residents quick access to shopping, dining, schools, & major routes, making it a consistently desirable place to live. A rare opportunity to acquire a large apartment complex in a prime location with numerous recent improvements already in place.
MLS® Number20261220
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelSee Remarks, Laundry Room
Exposure
Exterior
GarageNo
Approx. Age1978
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 11, 2026List Date
$8,499,900List Price
  • Commute

Commute

Starting Address
Destination Address
3700/04/22 Stephens Rd Ne, Cleveland, TN

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