Rare find with great income potential, stabilized and value add makes these 56 units in 8 buildings comprised of 24 one-bedroom, 24 two-bedroom and 8 three-bedroom apartments located in Cleveland, Tennessee. Close to key amenities including shopping and restaurants. Located near Lee University, this building will attract tenants looking for a vibrant downtown lifestyle. The property offers low maintenance landscaping, as well as 32 new decks overlooking the City of Cleveland Greenway.
Property Details
Property Features
Property Information:
Year Built: 1996
Living Area: 46,848 SqFt
Listing Office:
Office Name: Keller Williams Cleveland
Office Phone: (423) 813-9800
Listing Agent: William Eilf
Interior Features
Interior Information:
Flooring Type: Carpet, Laminate, Vinyl
Exterior Features
Exterior Information:
Private Pool: No
Parking Information:
Attached Garage: No
Parking: Paved
Utilities
Utilities Information:
Heating: Central, Electric
Cooling: Central Air
Other
Directions Information:
Directions: 25th St. NW go south onto Keith St. to east onto Willow to south onto Brown Ave NW property on right
Price Information
Listing Price Info
Price Summary:
List Price: $7,500,000
Price Per SqFt: $160/SqFt
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Housing Market Comparison
See how this home compares to others in Cleveland, TN.
This property is $7.1M more than the Median Sold Price and $22/SqFt less than other homes in Cleveland, TN.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: REALTRAC
MLS Number: #2694226
Listing Office:
Office Name: Keller Williams Cleveland
Office Phone: (423) 813-9800
Listing Agent: William Eilf
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.
REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 11/21/2024, 10:18:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Taylor Elementary School
5265 Bates Pike SE
Distance between this listing and this school2.73 miles
Public District Grades KG-5
6
/10
South Polk Elementary School
964 Old Federal Rd
Distance between this listing and this school3.50 miles
Public District Grades PK-5
6
/10
Park View Elementary School
300 Minnis Rd NE
Distance between this listing and this school5.10 miles
Public District Grades PK-5
Nearby Schools
6
/10
Chilhowee Middle School
215 School House Hill Rd
Distance between this listing and this school5.83 miles
Public District Grades 6-8
5
/10
Lake Forest Middle School
610 Kile Lake Rd SE
Distance between this listing and this school6.47 miles
Public District Grades 6-8
5
/10
Ocoee Middle School
2250 N Ocoee St
Distance between this listing and this school8.15 miles
Public District Grades 6-8
Nearby Schools
6
/10
Polk County High School
7200 Highway 411
Distance between this listing and this school8.06 miles
Public District Grades 9-12
2
/10
North Cleveland Goal Academy
209 Sunset Dr NW
Distance between this listing and this school8.15 miles
Public District Grades 12-12
4
/10
Bradley County Virtual School
301 Keith St SW Ste 102
Distance between this listing and this school8.70 miles
The neighbors living near this home have an average income of $43,182. The majority of Cleveland, TN residents have income between $35k-100k annually. Most families are married, no kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Living In Cleveland, TN
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Cleveland, TN.
Cleveland's housing market offers a diverse array of options, with single-family homes being a significant presence. A mix of architectural styles is evident, ranging from traditional to contemporary, reflecting the city's growth over various periods. While the majority of homes are owner-occupied, a substantial portion of the population opts for rental properties, including apartments and townhouses.
What is it like to live in Cleveland, TN?
Cleveland is celebrated for its vibrant community spirit and rich historical backdrop. The city prides itself on a calendar filled with local events and festivals that showcase its cultural heritage and foster a sense of togetherness among residents. The community's character is further defined by its scenic parks and commitment to preserving its unique Southern charm.
Is it easy to get around Cleveland, TN without a car?
The community is served by a robust educational system, with multiple public and private schools catering to a range of educational needs. Healthcare services are comprehensive, with facilities offering a spectrum of care including urgent and primary care. The public library system supports lifelong learning, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and hospitality.
Transportation in Cleveland, TN.
Cleveland's transport infrastructure supports both private and public transit options, with a focus on improving connectivity and reducing commute times. The city's layout promotes walkability in several districts, and there are initiatives to enhance bikeability. Major roads and highways facilitate travel to and from the city, and public transportation is available to assist residents in their daily commutes.
Frequently Asked Questions About 615855 Brown Ave NW
What is the listing price of this property?
The listing price of 615855 Brown Ave NW property is $7,500,000.
What type of property is this?
The property 615855 Brown Ave NW is a house located in Cleveland, Tennessee, 37311.
Is this property for sale now?
Active Listing: 615855 Brown Ave NW is For Sale (Active/New) which means the seller is accepting offers.
What is the square footage of this property?
The property 615855 Brown Ave NW is 46,848 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 615855 Brown Ave NW is 1996.
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This home is located at 615855 Brown Ave NW in Cleveland, TN and zip code 37311. This 46,848 square foot home was built in 1996. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $7,500,000.
Over 22 listings were sold over their listed price in October 2024 in Cleveland, TN. In the same period over 52 listings were sold below the listed price and 36 listings were sold for the listed price. The inventory of homes for sale in Cleveland, TN between September 2024 and October 2024 decreased by 6.8%. Listings spent 31 days on the market in October 2024, and had a median list price of $318,238 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
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