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Real Estate Company
1242 SE Ladd Springs Road, Cleveland, TN 37323
- $700,000
- 8,814
- SqFt
- List Price
- $700,000
- Price Change
- ▼ $25,000 1787259437
- MLS#
- 3243081
- Days on Market
- 115
- Property Type
- Multifamily
- Sqft. of Residence
- 8,814
- County
- Bradley County
- Status
- ACTIVE
Property Description
Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
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Additional Information
- Construction Type
- ICFs (Insulated Concrete Forms), Other
- Cooling System
- Other
- Elementary School
- Waterville Community Elementary School
- Floor Types
- Luxury Vinyl
- Heating System
- Other
- High School
- Bradley Central High School
- Junior High School
- Lake Forest Middle School
- Living Area
- 8,814
- Number Of Stories
- 1
- Roofing Material
- Other
- Sewer System
- Septic Tank
- Tax Amount
- $932
- Water Source
- Public
- Year Built
- 1976
- Zoning
- Commercial
- Type
- Multifamily
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Listing courtesy of Coldwell Banker Kinard Realty.
Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.