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24 Beds
24 Baths
12,160 sqft

$2,200,000

1912/1914/ 1916/1918/1911/1913/1915/1917 Lane, Cypress, Cleveland TN, 37323

Price per sqft$180.92
Built in2025
Property size12,160 sqft
Property typeMulti-family
Courtesy of Gina Shumway, Keller Williams Realty,770-686-9366

Overview

Active

Listed Sep 4, 2026

Updated 2 weeks ago

Don't miss out on this rare opportunity to acquire eight townhomes across two buildings in Cleveland, Tennessee, only one year old and fully occupied. This turnkey portfolio currently generates approximately $14,000 in gross monthly rental income--$168,000 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 for tenants with quick access throughout Cleveland and the surrounding area. With 100% occupancy, strong existing rental income, newer construction, and eight income-producing units available in a single acquisition, this is a unique opportunity to immediately add scale to an investment portfolio without the renovation and lease-up typically associated with multifamily acquisitions. Investment Highlights: 8 townhomes • 2 buildings • Cleveland, TN • Only 1 year old • 100% occupied • Approximately $14,000/month gross rental income • Approximately $168,000/year gross rental income • Low HOA dues • Exterior maintenance covered by HOA • Convenient to shopping, banking, amenities, and highway access. Listing pictures are examples of buildings throughout neighborhood townhomes and may not reflect exact photos from these units, but build quality and floorplan is the same. Seller is willing to sell by the building (4 townhomes, see other listing) at 1.1M

$14,637/mo

Est. mortgage payment based on a $2,200,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
1542141

Interior Features

Bedrooms
24
Bathrooms
24
Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.57 Acres

Other Property Details

Taxes
$17,248
Tax Frequency
Annually
Association Fee Frequency
Yearly
Garage
Yes
Pets Allowed
Yes
New Construction
Yes
55+/Senior Community
No

Courtesy of Gina Shumway, Keller Williams Realty,770-686-9366 

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Whitney Proctor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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