1505 Mohawk Court, Cleveland, TN 37311
$419,500
Property Type:
Multi-Family
Square Footage:
3,848
Lot Size (sq. ft.):
11,550
Status:
Active
Current Price:
$419,500
List Date:
3/24/2025
Last Modified:
12/31/2025
Description
JUST REDUCED AGAIN! 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%, amortized over 30 years with a balloon 5 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
More Information MLS# 1294458
Location, Tax & Legal Info
Area: Bradley County - 47
City/County Code: City Limits
Total Tax: 3205.16
Contract Info
Auction Y/N: No
Listing Price: 419500
Current Price: $419,500
Status: Active
Listing Date: 2025-03-24
General Property Description
Lot Dimensions: 125x106
Lot Size SqFt: 11550
# Units Leased: 3
Utilities/Mo Avg: 0
Property Status: N/A
Driveway: Paved
Lease Information: 3- 2BR + 1BA $800-$1000
1- 1BR + 1BA $800
SqFt - Total (Aprox): 3848
Number of Units: 4
Year Built: 1970
Remarks & Misc
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.
Public Remarks: JUST REDUCED AGAIN! 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%, amortized over 30 years with a balloon 5 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
Income/Expenses
Gross Annual Income: 40800
Annual Oper Expenses: 7126
Property Sub-Type
Four Plex: 1
Construction
Frame - Brick: 1
Type of Units
1 Bedroom Unit: 1
2 Bedroom Unit: 1
Garden: 1
Siding
Brick: 1
Other: 1
Sale Includes
Building and Land: 1
Miscellaneous
Washer/Dryer Cnctns: 1
Cooling
Central Cooling: 1
Floors
Carpet: 1
Laminate: 1
Tile: 1
Vinyl: 1
Garage/Parking
On Premise Parking: 1
Tenant Expenses
Tenant Pays All Util: 1
Owner Expenses
Exterior Maintenance: 1
HVAC Maintenance: 1
Insurance: 1
Lawn Maintenance: 1
Roof Maintenance: 1
Taxes: 1
Fuel
Electric: 1
Heat
Central: 1
Appliances
Dishwasher: 1
Range: 1
Refrigerator: 1
Other Rooms
Other: 1
Roof
Metal: 1
Exterior Features
Balcony: 1
Patio: 1
Misc Features
Washer/Dryer Connect: 1
New Financing
Cash: 1
Conventional: 1
FHA: 1
Owner Will Carry: 1
VA Loan: 1
Showing
See Agent Instructns: 1
Location Tax Legal Info
House #: 1505
Street Name: Mohawk
St Suffix: Court
State/Province: TN
Zip Code: 37311
PIN #: 049C A 031.00
Subdivision: Georgetown Estates
Geo Lat: 35.178676
Geo Lon: -84.886582
Status Change Info
Status Change Date: 2025-03-24
IncomeExpenses
Net Operating Income: 37754
Property Features
Property Sub-Type: Four Plex
Type of Units: 1 Bedroom Unit; 2 Bedroom Unit; Garden
Sale Includes: Building and Land
Floors: Carpet; Laminate; Tile; Vinyl
Tenant Expenses: Tenant Pays All Util
Owner Expenses: Exterior Maintenance; HVAC Maintenance; Insurance; Lawn Maintenance; Roof Maintenance; Taxes
Fuel: Electric
Heat: Central
Cooling: Central Cooling
Appliances: Dishwasher; Range; Refrigerator
Construction: Frame - Brick
Roof: Metal
Siding: Brick; Other
Exterior Features: Balcony; Patio
Misc Features: Washer/Dryer Connect
Other Rooms: Other
Miscellaneous: Washer/Dryer Cnctns
New Financing: Cash; Conventional; FHA; Owner Will Carry; VA Loan
Showing: See Agent Instructns
COA ›
Listing Office:
Goldman Partners Realty, LLC
IDX
Office Phone: 865-705-8675
Last Updated: December - 31 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved.
IDX information is provided exclusively for consumers' personal, non-commercial use,
it may not be used for any purpose other than to identify prospective properties
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