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555 Wildwood AVE Cleveland, TN 37311
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Key Details
Sold Price $445,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,200 sqft
Price per Sqft $202
Subdivision Cleveland Land & Imp
MLS Listing ID 1533096
Sold Date 06/10/26
Style Ranch
Bedrooms 8
Year Built 1983
Lot Size 0.380 Acres
Acres 0.38
Lot Dimensions 73x220x74x225
Property Sub-Type Quadruplex
Source Greater Chattanooga REALTORS®
Property Description
It's almost impossible to find a 8.5 Cap rate investment property these days. This 4-unit, two bedroom, one bath quadraplex was completely stripped to the studs and renovated inside and out in 2024. Each unit is around 600 sq ft with a living room, modern kitchen, updated bathroom and two bedrooms. Income is $3,985 per month. While these are not new construction, you would be hard pressed to know it from their appearance and quality of construction. You really must see them to understand how well they have been updated and maintained.
Location
State TN
County Bradley
Area 0.38
Rooms
Basement Crawl Space, Full
Interior
Interior Features Ceiling Fan(s), Granite Counters, Kitchen Island, Tub/shower Combo
Heating Ductless, Separate Meters
Cooling Ductless
Flooring Luxury Vinyl
Equipment None
Fireplace No
Window Features Double Pane Windows,Insulated Windows,Vinyl Frames
Appliance Refrigerator, Microwave, Electric Range, Dishwasher
Heat Source Ductless, Separate Meters
Laundry In Kitchen, Main Level, Washer Hookup
Exterior
Exterior Feature None
Parking Features Driveway, Gravel
Garage Description Driveway, Gravel
Pool None
Community Features None
Utilities Available Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
Roof Type Shingle
Porch None
Garage No
Building
Lot Description Cleared, Level, Rectangular Lot
Faces From the Keith St and 25th St intersection in Cleveland, head east on 25th St SE toward downtown. Turn left onto Inman St E and continue about a mile. Then turn right toward the SE side of town and left onto Wildwood Ave SE. Follow it to 555 Wildwood Ave SE on your left.
Story One
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Ranch
Additional Building None
Structure Type Block,Vinyl Siding
Schools
Elementary Schools Arnold Elementary
Middle Schools Cleveland Middle
High Schools Cleveland High
Others
Senior Community No
Tax ID 057e F 023.00
Security Features Smoke Detector(s)
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Special Listing Condition Standard
Pets Allowed No
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