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Off market
  • $962,400

    1242 Ladd Springs Rd SE, Cleveland, TN 37323

    --beds
    0baths
    8,878sqft
    MultiFamily
    Built in 1976
    -- sqft lot
    $962,400 Zestimate®
    $108/sqft
    $938 Estimated rent

    Home value

    $962,400

    $770,000 - $1.22M

    $938/mo

    Zestimate® history
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    Owner options

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    $938/mo

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    $938/mo

    Rent Zestimate®

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    $4,414/mo

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    $4,414/mo

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    What's special

    This is a great income producing property. It is improved with a one-story mixed use building to include 9 - 1 bedroom, 1 bath apartment units which contain a total of 4,968 square feet and one retail space which contains 3,919 square feet for a gross building area of 8,887 square feet. All apartment units but one have been completely remodeled and now have new LVT, paint, etc. The retail space that is currently vacant. This space has an area that was previously used as a convenience store and then a coin laundry for the tenants. The retail space has many possibilities. It could possibly be climate controlled storage space, additional units, retail space, etc. Retail space has 2 bathrooms in rear and entire space has central heat and air. Expenses are extremely low now that all units have LVT throughout, metal roof, slab foundation, brick and block exterior, along with the fact that the property has well and city water. The property is on a septic tank system so there is little to no cost for the water and sewer for the property.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Electric
    Cooling
    • Central
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Other
    Interior area
    • Total interior livable area: 8,878 sqft

    Property

    Lot
    • Size: 1.16 Acres

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • Year built: 1976

    Utilities & green energy

    • Sewer: Septic Tank

    Community & neighborhood

    Location
    • Region: Cleveland

    Other

    Other facts
    • Floors: Vinyl, Other, See Remarks
    • Heating: Electric
    • Cooling/Air Conditioning: Central Electric
    • Water: Public, Well
    • Water Heater: Electric
    • Sewer: Septic Tank
    • Possession: At Closing
    • Construction: Brick Veneer
    • Number of Stories: One
    • Window Coverings: Shades
    • Property Type: Apartment Building
    • Subdivision/Development: Calhoun Ww Dev

    Price history

    DateEventPrice
    6/2/2020Listing removed$375,000$42/sqft
    Source: Clarity Property Service #20196659
    11/14/2019Listed for sale$375,000$42/sqft
    Source: Clarity Property Service #20196659

    Public tax history

    Tax history is unavailable.

    Neighborhood: 37323

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Taylor
    • Middle: Ocoee
    • High: Bradley County

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    An equal housing lender. NMLS #10287.

    Sell for more on Zillow
    Get a free Zillow Showcase℠ listing and you could sell for .
    $962,400
    2% more+ $19,248
    With Zillow Showcase(estimated)
    $981,648