1 day on Rocket
$10,000 Closing Credit¹
#20252503, Teresa Young, Listing office: RE/MAX Experience
$1,100,000 List price
2861 Michigan Avenue Rd NE Unit 1-5 Cleveland, TN 37323
$10,000
Closing credit¹
1 full, 1 partial
4,948 sqft
$222 / sqft
Condo
Property details
About 2861 Michigan Avenue Rd NE Unit 1-5
Turnkey 5-Unit Townhouse Investment - Great Location + Partial Owner Financing Available Excellent opportunity to own a fully tenant-occupied 5-unit apartment building in a highly desirable, high-demand area. Each unit is a well-maintained 2-bedroom, 1.5-bathroom townhouse, offering spacious layouts ideal for attracting and retaining quality tenants. This income-producing property is fully rented, providing immediate cash flow and low vacancy risk. Located near major amenities, shopping, and schools, it's perfectly positioned for long-term growth and stability. Partial owner financing available* making this an ideal choice for investors looking to expand their portfolio with flexible terms. Property Highlights: - 5 Spacious Townhouse Units - Each Unit: 2 Bedrooms, 1.5 Bathrooms - Fully Tenant Occupied - Strong Rental History - Prime Location Near Amenities, Shopping, Resturaunts & Schools - Partial Owner Financing Available Don't miss this rare chance to acquire a stable, income-generating asset with built-in tenant base and financing flexibility. Financials available upon request.
Highlights
Home typeCondominium
HeatingCentral
StatusActive
CoolingCentral Air
Size4,948 sqft
Year built1997
ParkingConcrete
MLS #20251946
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Appliances: Dishwasher, Electric Range, Refrigerator
- Flooring Type: Laminate
- Interior: Open Floorplan
- Parking: Concrete
- Exterior: None
- Architectural Style: Other
- Heating: Central
- Cooling: Central Air
- List Price: $1,100,000
- Price/SqFt: $222
- Lot: Cleared
- Directions: From I-75 take Paul huff parkway all the way to Stuart Rd and continue all the way to Michigan Avenue. Take a right onto Michigan Avenue and the property is on the right.
- Year Built: 1997
- Living Area: 4,948 SqFt
- MLS Number: 20251946
- MLS Name: RiverCounties
- Office Name: RE/MAX Experience
- Office Phone: (423) 790-3086
- Office Email: markietta.munck@gmail.com
- Listing Agent: Sommer Oder
Information obtained from TNRCAR. Information provided by seller/other sources, not verified by broker. All interested persons should independently verify accuracy of all information. Information deemed reliable but not guaranteed. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/5/2025, 4:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,100,000
2861 Michigan Avenue Rd NE Unit 1-5
$10,000
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
8
Michigan Avenue Elementary School
Public District KG-5
0.4 mi
•188 Michigan Avenue School Rd NE
6
Park View Elementary School
Public District PK-5
1.2 mi
•300 Minnis Rd NE
7
Oak Grove Elementary School
Public District KG-5
1.8 mi
•400 Durkee Rd SE
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $58,489. Residents of Cleveland, TN typically earn between $35k-100k each year. The majority of families are married, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
27%
<35k
47%
35k-100k
23%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
22%
Single, No Kids
11%
Single, with Kids
34%
Married, No Kids
33%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
10%
12-17 yrs old
21%
18-34 yrs old
42%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
Extreme Sports
College Football
Soccer
Where do the neighbors shop?
Academy Sports & Outdoors
Express/Express For Men
Best Buy
Where do the neighbors go to eat?
Little Caesars
Sonic
Texas Roadhouse
What do the neighbors drive?
Chevrolet
Kia
Ram
What do the neighbors listen to?
Country
New Country
Contemporary Christian
All data provided by Home Junction and Claritas
Similar homes for sale
Frequently asked questions
Living in Cleveland, TN
Cleveland's transport infrastructure supports both private and public transit options, with a focus on improving connectivity and reducing commute times. The city's layout promotes walkability in several districts, and there are initiatives to enhance bikeability. Major roads and highways facilitate travel to and from the city, and public transportation is available to assist residents in their daily commutes.
The community is served by a robust educational system, with multiple public and private schools catering to a range of educational needs. Healthcare services are comprehensive, with facilities offering a spectrum of care including urgent and primary care. The public library system supports lifelong learning, and the city's retail and dining establishments reflect the local culture, with an emphasis on Southern cuisine and hospitality.
Cleveland is celebrated for its vibrant community spirit and rich historical backdrop. The city prides itself on a calendar filled with local events and festivals that showcase its cultural heritage and foster a sense of togetherness among residents. The community's character is further defined by its scenic parks and commitment to preserving its unique Southern charm.
Cleveland's housing market offers a diverse array of options, with single-family homes being a significant presence. A mix of architectural styles is evident, ranging from traditional to contemporary, reflecting the city's growth over various periods. While the majority of homes are owner-occupied, a substantial portion of the population opts for rental properties, including apartments and townhouses.
About 2861 Michigan Avenue Rd NE Unit 1-5
The listing price of 2861 Michigan Avenue Rd NE Unit 1-5 property is $1,100,000.
The property 2861 Michigan Avenue Rd NE Unit 1-5 is a condo located in Cleveland, Tennessee, 37323.
Active Listing: 2861 Michigan Avenue Rd NE Unit 1-5 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2861 Michigan Avenue Rd NE Unit 1-5 are: Michigan Avenue Elementary School (GreatSchools Rating 8/10), Park View Elementary School (GreatSchools Rating 6/10), Oak Grove Elementary School (GreatSchools Rating 7/10), Ocoee Middle School (GreatSchools Rating 5/10), Lake Forest Middle School (GreatSchools Rating 5/10), Cleveland Middle School (GreatSchools Rating 3/10), North Cleveland Goal Academy (GreatSchools Rating 2/10), Cleveland High School (GreatSchools Rating 6/10), Bradley County Virtual School (GreatSchools Rating 4/10).
The property at 2861 Michigan Avenue Rd NE Unit 1-5 has 1 full and 1 half bathrooms.
The property 2861 Michigan Avenue Rd NE Unit 1-5 is 4,948 SqFt (source: MLS/tax record).
The year of construction for 2861 Michigan Avenue Rd NE Unit 1-5 is 1997.
This home is located at 2861 Michigan Avenue Rd NE Unit 1-5 in Cleveland, TN and zip code 37323. This 4,948 square foot home was built in 1997. Features: 2 bathrooms. It has been listed on Rocket Homes since May 2, 2025 and is currently priced at $1,100,000.
Over 21 listings were sold over their listed price in May 2025 in Cleveland, TN. In the same period over 83 listings were sold below the listed price and 44 listings were sold for the listed price. The number of listings in Cleveland, TN decreased by 9.3% between April and May 2025. While the average time on the market in May 2025 was 45 days, the median list price was $319,560.
From Rocket Homes Real Estate and based on county public records data.