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1401 Wildwood Lake Road SE, Cleveland, TN 37311

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For Sale

$447,400

8 beds • 4 baths • 2,675 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Other Residential
    Property type

  • $167.25
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

Attention Investors! High Cash Flow 4-Unit Building with Over 9% Cap Rate This large, well-maintained brick 4-unit apartment building is a prime investment opportunity, offering a cap rate of over 9% and steady, reliable cash flow. With a solid rental history and high tenant demand, this property is an ideal addition to your investment portfolio. Each of the four 2-bedroom, 1-bathroom units is rented on a weekly basis, increasing revenue potential and ensuring consistent cash flow. The building has a proven track record of stable occupancy, making it a secure income-generating asset. All units are equipped with central heat and air, providing tenants with comfort throughout the year. Additionally, the property features paved off-street parking, offering added convenience. Located just minutes from Lee University and downtown Cleveland, this property is perfectly situated to attract and retain tenants, ensuring ongoing demand. With its high cap rate, solid rental history, and desirable location, this property offers a fantastic opportunity for investors seeking reliable income and long-term growth. Call for revenue and occupancy information!
MLS# 1505510

Courtesy Of Keller Williams Realty

(423) 664-1600

Property Features

  • Age
    41-50 Years Old
  • Appliances
    Range
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Lot Size
    0.34 Acres

Map and Directions

Directions to 1401 Wildwood Lake Road SE, Cleveland, TN 37311

Home seller CENTURY 21 Prestige

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Prestige

(423) 498-3200
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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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Copyright © 2025 Greater Chattanooga Association of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being 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. Information being 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.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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