$1,499,000

3540 Adkisson Drive, NW, Cleveland, TN 37312

  • 5,022 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1986
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $298/sqft
  • Property List Date Icon Listed 3 months ago

Property 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.

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
June 24, 2026 at 3:20PM
Listing Office:
Award Realty II : 4234763205
Listing Agent:
Heath Davis : 4236185857
MLS ID:
3217070
  • Flooring: Laminate
  • A/C: Central Air
  • Heating: CentralElectric
  • Parking: ConcretePavedParking spaces: 0
  • Roofing: Shingle
  • General: Two
  • Originating MLS: realtrac
  • County: Bradley CountyTN
  • Zoning: 033M F 03400 000
  • Utilities: Electricity AvailableWater Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: realtrac

This listing courtesy of Heath Davis , Award Realty II

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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