2861 Michigan Ave Rd NE




















Description
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,...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.
- Listed by Sommer Oder-Bailey • RE/MAX ExperienceC: (423)-790-6592 sommeroder@remax.net
Property Details for 2861 Michigan Ave Road Northeast
Property Details for 2861 Michigan Ave Road Northeast
| Status | Active |
|---|---|
| MLS # | 3214706 |
| Days on Market | 65 |
| Taxes | $1,327 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1997 |
| Lot Size | - |
| County | Bradley County |
Location
Building Information for 2861 Michigan Ave Road Northeast
Payment Calculator
$5,093 per month
30 year fixed, 6.36% Interest
$4,983
$111
$0
Property Information for 2861 Michigan Ave Road Northeast
- 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.
- Elementary School: Mayfield Elementary
- High School: Cleveland High
- Levels: Three Or More
- Living Area Units: Square Feet
- Middle Or Junior School: Cleveland Middle
- Mlg Can View: Yes
- Parking Features: Concrete
- Parking Total: .00
- Condo Coop Association YN: No
- Above Grade Finished Area Units: Square Feet
- Below Grade Finished Area Units: Square Feet
- Building Area Units: Square Feet
- Flooring: Laminate
- Lot Size Units: Acres
- Parcel Number: 050L B 01700 000
- Construction Materials: Vinyl Siding, Other
- Documents Count: 1
- New Construction: No
- Possession: Close Of Escrow
- Senior Community: No
- Stories: 2
- Year Built Details: Existing
- Cooling: Central Air
- Cooling: Yes
- Heating: Central
- Heating: Yes
- Sewer: Public Sewer
- Utilities: Water Available
- Water Source: Public
- Attached Garage: No
- Exterior Features: No Dock
- Pool Private: No
- Roof: Shingle
- View YN: No
- Number Of Units Total: 5
- Tenant Pays: Other
Property History for 2861 Michigan Ave Road Northeast
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Apr 7, 2026 | Listed (Active) REALTRACS #3214706 | $999,900 | — |
| Apr 1, 2026 | Expired REALTRACS #3187640 | $999,900 | — |
| Aug 31, 2025 | Expired REALTRACS #3187806 | $999,900 | — |
| Nov 4, 2022 | Closed REALTRACS #3187405 | $150,000 | — |
| Nov 4, 2022 | Closed REALTRACS #3187403 | $150,000 | — |
| Nov 4, 2022 | Contract - Not Showing REALTRACS #3187405 | — | |
| Nov 4, 2022 | Contract - Not Showing REALTRACS #3187403 | — | |
| Nov 4, 2022 | Closed REALTRACS #3187402 | $150,000 | — |
| Nov 4, 2022 | Closed REALTRACS #3187404 | $150,000 | — |
| Nov 4, 2022 | Contract - Not Showing REALTRACS #3187402 | — | |
| Nov 4, 2022 | Contract - Not Showing REALTRACS #3187404 | — |
| Date | Event & Source | Price |
|---|---|---|
| 04/07/2026 | Listed (Active) REALTRACS #3214706 | $999,900 |
| 04/01/2026 | Expired REALTRACS #3187640 | $999,900 |
| 08/31/2025 | Expired REALTRACS #3187806 | $999,900 |
| 11/04/2022 | Closed REALTRACS #3187405 | $150,000 |
| 11/04/2022 | Closed REALTRACS #3187403 | $150,000 |
| 11/04/2022 | Contract - Not Showing REALTRACS #3187405 | — |
| 11/04/2022 | Contract - Not Showing REALTRACS #3187403 | — |
| 11/04/2022 | Closed REALTRACS #3187402 | $150,000 |
| 11/04/2022 | Closed REALTRACS #3187404 | $150,000 |
| 11/04/2022 | Contract - Not Showing REALTRACS #3187402 | — |
| 11/04/2022 | Contract - Not Showing REALTRACS #3187404 | — |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 2861 Michigan Ave Road Northeast
Schools near 2861 Michigan Ave Road Northeast
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mayfield Elementary School PublicPK to 5 | ||
Cleveland Middle School Public6 to 8 | ||
Cleveland High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Experience, Sommer Oder-Bailey (423.790.6592)
Based on information submitted to the MLS GRID as of 05/17/2026 10:36 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.





















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