$388,000
$419,500
7.5%For more information regarding the value of a property, please contact us for a free consultation.
1505 Mohawk CT Cleveland, TN 37311
3,848 SqFt
Key Details
Sold Price $388,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,848 sqft
Price per Sqft $100
Subdivision Georgetown Estates
MLS Listing ID 1294458
Sold Date 01/30/26
Year Built 1970
Lot Size 0.270 Acres
Acres 0.27
Lot Dimensions 125x106
Source East Tennessee REALTORS® MLS
Property Description
JUST REDUCED AGAIN! 4 PLEX FOR SALE CLEVELAND TN - OWC FIRST W/25% DOWN- STRONG CASHFLOW!!!
This well-maintained quadplex in Cleveland offers a value add investment with plenty of rental upside! Units are rented on a month to month basis and Seller is offering great terms - subject to review of buyers financials, with 25% down payment, Seller will carry a 75% first deed of trust at 6%, amortized over 30 years with a balloon 5 years from closing. Recent updates include a new roof (2020) and 3 of 4 HVAC systems replaced in the last 3 years. Tenants pay all utilities, minimizing owner expenses. Unit 2 has been fully renovated with new appliances, new cabinetry, carpet, paint, and updated bathroom. A turnkey property with solid rental income potential! Please see video links for the interiors. As Mohawk is fully occupied, please allow 48 hours to schedule all showings through the listing agents. No sign on property and we respectively request that you do not disturb the residents
Location
State TN
County Bradley County - 47
Area 11550.0
Rooms
Other Rooms Other
Interior
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Vinyl, Tile
Appliance Dishwasher, Range, Refrigerator
Heat Source Central, Electric
Exterior
Exterior Feature Balcony
Parking Features On Premise Parking
Garage Description On Premise Parking
Roof Type Metal
Porch true
Garage No
Building
Faces Take I-75 to exit 25 towards Cleveland and turn right onto Georgetown Rd. Go .7 miles and turn right onto Ohio Ave then go .3 miles abd turn right onto Mohawk Ct. The 4 plex is immediately on your left at the corner of Mohawk & Ohio.
Structure Type Brick,Other
Others
Tax ID 049C A 031.00
Energy Description Electric
Acceptable Financing VA Loan, Owner Will Carry, FHA, Cash, Conventional
Listing Terms VA Loan, Owner Will Carry, FHA, Cash, Conventional
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