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1242 Ladd Springs Road SE

Cleveland, TN 37323
  • $700,000
  • STATUS: Active
  • ON SITE: 113 Days
  • MLS #: RTC3243081
$700,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,814
    SQFT
  • $79
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1976
County:

Description

Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied

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Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Miles Team | Compass Tennesee, LLC, 615-375-3575). IDX information © 2026 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Miles Team | Compass Tennesee, LLC. 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. Data last updated 2026-10-07T00:08:21.1.

Based on information submitted to the MLS GRID as of 2026-10-07T00:08:21.1. 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.
Click here for MLS GRID DMCA Notice
www.milesrealestateteam.com/homes/177725396
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1242 Ladd Springs Road SE Cleveland, TN 37323

  • Price: $700,000
  • Status: Active
  • On Site: 113 Days
  • MLS #: RTC3243081
0
Beds
0
Baths
0
½ Baths
N/A
Acres
8,814
SQFT
$79
$/SQFT
1976
Built
Neighborhood:
None
County:
Bradley
Elementary School:
Waterville Community Elementary School
Middle School:
Lake Forest Middle School
High School:
Bradley Central High School
Property Description
Income-Producing Investment Opportunity with Retail Space Excellent investment opportunity featuring nine one-bedroom apartments and a central retail space, all conveniently located on one level. Eight of the nine apartments are occupied. The property is designed with four apartment units on each side of the retail space and one apartment off the back of the building, creating an efficient layout and strong income potential. Each apartment has been updated with luxury vinyl plank flooring and renovated bathrooms, offering tenants modern finishes and low-maintenance living. The property enjoys consistent occupancy and provides immediate cash flow for investors. Situated in the county, this mixed-use property offers flexibility, steady rental income, and room for long-term appreciation. Whether you're looking to expand your portfolio or add a stable income-producing asset, this property presents a rare opportunity to own a well-maintained, fully leased investment property with both residential and commercial components. Call today for additional financial information and to schedule a private tour. Call today for additional financial information and to schedule a private tour. Please allow 24 hr for showing notice because all units are occupied
Exterior Features

Attached Garage YN No Construction Materials ICFs (Insulated Concrete Forms)Other Covered Spaces 0 Garage YN No Levels One Parking Features Asphalt Parking Total 0 Roof Other View YN No Waterfront YN No

Interior Features

Above Grade Finished Area 8814 Cooling Other Cooling YN Yes Flooring Luxury Vinyl Heating Other Heating YN Yes

Property Features

Association YN No Building Area Total 8814 Buyer Financing ConventionalOther Gross Income 94953 Inclusions No Furnishing Net Operating Income 72924 New Construction YN No Operating Expense 22029 Owner Pays Water Pool Private YN No Property Attached YN Yes Rent Includes Water Security Features Smoke Detector(s) Senior Community YN No Sewer Septic Tank Special Listing Conditions Standard Stories 1 Tax Annual Amount 932 Tenant Pays Other Total Actual Rent 2575 Water Source Public Year Built Details Existing Zoning Commercial

Realtracs Solutions logo Offered by Coldwell Banker Kinard Realty: . Copyright 2026 RealTracs, Inc. Information Is Believed To Be Accurate But Not Guaranteed. Listings courtesy of Realtracs MLS as distributed by MLS GRID.


Realtracs Solutions logoProperties marked with the IDX logo are provided courtesy of the RealTracs Internet Data Exchange Program. Some or all of the listings may not belong to the firm whose website is being visited (The Miles Team | Compass Tennesee, LLC, 615-375-3575). IDX information © 2026 MTRMLS, Inc. Information is believed to be accurate but not guaranteed by the MLS or The Miles Team | Compass Tennesee, LLC. 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. Data last updated 2026-10-07T00:08:21.1.

Based on information submitted to the MLS GRID as of 2026-10-07T00:08:21.1. 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.
Click here for MLS GRID DMCA Notice
 
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