19111913 , 1915, 1917 Cypress Lane
Cleveland, TN 37323
Don't miss out on this rare opportunity to acquire four townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $7,000 in gross monthly rental income--$84,000 annually--providing immediate cash flow from day one. The property is located within an HOA with low monthly dues that cover exterior maintenance, offering investors the advantage of simplified, low-maintenance ownership. With newer construction, established tenants, and HOA-maintained exteriors, this portfolio is positioned to minimize many of the maintenance concerns associated with older multifamily investments. Conveniently located near shopping, banking, everyday amenities, and highway access, the townhomes offer an excellent location
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: OtherRoofing Information
Other -
Flooring Information
Construction Materials: Other -
Heating & Cooling
Heating: Central Has Heating: Yes Cooling: Central Air Has Cooling: Yes WaterSource: Public
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Building Information
Year Built: 2025
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Property Information
Property Type: Residential Income
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Listing Price Information
Original List Price:$1100000
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Tax Information
Annual Tax: $8624 Parcel Number: 066H B 02500 000
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Parking Information
Detached, DrivewayHomeowners Association Information
Included Fees: Maintenance Grounds, Trash HOA: $600.00 Annually
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School Information
Elementary School: Blythe-Bower Elementary Junior High School: Cleveland Middle Senior High School: Cleveland High -
Utility Information
Water Available Sewer: Public Sewer Water Source: Public -
Location Information
Subdivision: Arbor Hills Townhomes City: Cleveland
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4217 Jabalia Lane, Cleveland, TN, 37323 | $314,990 | 3 | 3 | 1,758 | -- |
| 509 Chestuee Road, Cleveland, TN, 37323 | $999,900 | 4 | 4 | 2,800 | 19 Acres |
| 148 Chetola Drive, Cleveland, TN, 37323 | $574,500 | 3 | 3 | 2,782 | 0.90 Acre |
| 148 Chetola Drive, Cleveland, TN, 37323 | $574,500 | 3 | 3 | 2,801 | 0.90 Acre |
| 159 Dogwood Trail, Cleveland, TN, 37323 | $450,000 | 3 | 4 | 3,101 | 1.35 Acres |
| 159 Dogwood Trail, Cleveland, TN, 37323 | $450,000 | 3 | 4 | 3,101 | 1.35 Acres |
| 159 Dogwood Trail, Cleveland, TN, 37323 | $450,000 | 3 | 4 | 3,101 | 1.35 Acres |
| 685 York Rd, Cleveland, TN, 37323 | $472,500 | 3 | 2 | 3,308 | 0.90 Acre |
| 685 York Road, Cleveland, TN, 37323 | $472,500 | 3 | 2 | 2,533 | 0.90 Acre |
| 685 York Road, Cleveland, TN, 37323 | $472,500 | 3 | 2 | 2,533 | 0.90 Acre |
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ByOwner last updated this listing 09/07/2026 @ 06:20
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