2861 Michigan Ave Rd NE

Baths
4,948 Sq. Ft.
$202 / Sq. Ft.
4,948
Sq. Ft.
$202
per Sq. Ft.

Description

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,
...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.
  1. Listed by Sommer Oder-Bailey • RE/MAX Experience
    C: (423)-790-6592 sommeroder@remax.net

Property Details for 2861 Michigan Ave Road Northeast

Waterfront
No
LISTING UPDATED: 05/17/2026 10:36 AM

Property Details for 2861 Michigan Ave Road Northeast

StatusActive
MLS #3214706
Days on Market65
Taxes$1,327 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1997
Lot Size-
CountyBradley County

Location

Listing Courtesy of RE/MAX Experience, Sommer Oder-Bailey (423.790.6592)
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Building Information for 2861 Michigan Ave Road Northeast

Stories2Residences5Year Built1997Building Size-Lot Size-

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$5,093 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,983

Property Taxes

$111

HOA Dues

$0

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Property Information for 2861 Michigan Ave Road Northeast

Summary
Location and General Information
  • 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
  • Parking Features: Concrete
  • Parking Total: .00
Taxes and HOA Information
  • Condo Coop Association YN: No
Property
Building Information
  • Above Grade Finished Area Units: Square Feet
  • Below Grade Finished Area Units: Square Feet
  • Building Area Units: Square Feet
  • Flooring: Laminate
Lot Information
  • Lot Size Units: Acres
  • Parcel Number: 050L B 01700 000
Property and Assessments
  • Construction Materials: Vinyl Siding, Other
  • Documents Count: 1
  • New Construction: No
  • Possession: Close Of Escrow
  • Senior Community: No
  • Stories: 2
  • Year Built Details: Existing
Utilities
  • Cooling: Central Air
  • Cooling: Yes
  • Heating: Central
  • Heating: Yes
  • Sewer: Public Sewer
  • Utilities: Water Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Attached Garage: No
  • Exterior Features: No Dock
  • Pool Private: No
  • Roof: Shingle
  • View YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 5
Rental Information
Rental Information
  • Tenant Pays: Other

Property History for 2861 Michigan Ave Road Northeast

DateEvent & SourcePriceAppreciation
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
DateEvent & SourcePrice
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

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

Taxable ValueLand$2,200Additions$58,360Total$60,560
Tax Record2025$601 ($50 / month)
Home Facts
Total Finished SqFt1,008 SqFtAbove Grade Finished SqFt1,008 SqFtStories2Lot Size2,614 SqFtStyleDuplexYear Built1997Year Renovated2007ZoningR3CountyBRADLEYAPN050L B 016.00 000Fireplace TypeHas Fireplace

Schools near 2861 Michigan Ave Road Northeast

This home is within Cleveland School District.
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.

Similar Homes

2861 Michigan Ave Road Northeast is a multi-family home for sale in Cleveland, TN 37323. This property was listed for sale on April 7, 2026 by RE/MAX Experience, it's currently listed at $999,900. It has been on the market for a total of 65 days and was last sold on November 4, 2022. This listing's school district is Cleveland School District. Nearby schools include Mayfield Elementary School, Cleveland Middle School and Cleveland High School. 2861 Michigan Ave Road Northeast is a 0-bed, 0-bath, 4,948 sqft multi-family home built in 1997.

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.