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1505 Mohawk Court, Cleveland, 37311
Priced At: $475,000
Property Details for ID: 1294458
SqFt: 3,848
Price SqFt: $123
Total Bedrooms: ********
Full Baths: ******** / Half Baths: ********
MLS Status: Active
Property Type: MultiFamily
On Market Date: 2025-03-24T20:13:28Z
Subdivision: Georgetown Estates
Public Remarks: JUST REDUCED! 4 PLEX FOR SALE CLEVELAND TN - OWC FIRST W/25% DOWN- STRONG CASHFLOW!!! This well-maintained quadplex in Cleveland offers a value add investment with plenty of rental upside! Units are rented on a month to month basis and Seller is offering great terms - subject to review of buyers financials, with 25% down payment, Seller will carry a 75% first deed of trust at 6.5%, amortized over 30 years with a balloon 3 years from closing. Recent updates include a new roof (2020) and 3 of 4 HVAC systems replaced in the last 3 years. Tenants pay all utilities, minimizing owner expenses. Unit 2 has been fully renovated with new appliances, new cabinetry, carpet, paint, and updated bathroom. A turnkey property with solid rental income potential! Please see video links for the interiors. As Mohawk is fully occupied, please allow 48 hours to schedule all showings through the listing agents. No sign on property and we respectively request that you do not disturb the residents
Schools Information
Sorry, school information is not available for this listing.Building Description
SqFt (Total): 3,848
Exterior Features
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Room Dimensions
Interior Features
Property Details
Utilities
Financing
Annual Operating Expenses: 7,126
Net Operating Income: 34,874
HOA Information
Heating & Cooling
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Community Features
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Up Coming Open Houses
Directions
Take I-75 to exit 25 towards Cleveland and turn right onto Georgetown Rd. Go .7 miles and turn right onto Ohio Ave then go .3 miles abd turn right onto Mohawk Ct. The 4 plex is immediately on your left at the corner of Mohawk & Ohio.
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This is your Principal & Interest Payment only - you will still have to add HomeOwners Insurance and Taxes for a Total Monthly Payment. The Loan Amount Figure is based on a 20% down payment, Private Mortgage Insurance (PMI) is required with less than a 20% down payment. I can provide you with names of Mortgage Loan Officers that will provide you more details on your payment and total down payment requirements.
Four Reasons to Use Daniel Parker
Buying or Selling real estate should be fun and simple. With me, that's exactly what you can expect. I will strive to make each and every interaction a professional and pleasant experience!