Description
New Construction Investment Package. Under construction with an estimated completion ot early 2026. Designed and built for low maintenance. Great opportunity for a VA/FHA buyer's primary residence with future income. 1031 Exchange Welcome. PACKAGE INCLUDES 4 PARCELS CONSISTING OF: TWO Four-Family/ Quadplex buildings for a total of 8 doors ready to rent at completion, PLUS TWO adjacent building lots zoned R-2. Residential R-2 allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. EACH RESIDENCE WILL HAVE an estimated 1562 sq ft, 3 bedrooms, 2 and a half bathrooms, one car garage, 9 foot ceilings on the main level, vaulted ceilings in all bedrooms with ceiling fans, 2 story foyer, LVP flooring, custom soft close white cabinets, granite countertops, kitchen island, stainless steel appliances, and back patio with lawn area. Enjoy future rental income with the first two buildings allowing cash flow while you build two additional Four-Family/ Quadplex buildings on the two adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for lots. Property taxes to be determined. Information is deemed reliable but is not guaranteed. Buyers are responsible to independently verify all information. Agent has a personal interest. Local Lender recommendations available. Owner financing not available. PACKAGE INCLUDES: Gate Tower Way NE Lots 49, 50, 51, 52 Parcel Id/ Tax ID: 050E H 039.00, 050E H 040.00, 050E H 017.00, and 050E H 018.00). APPOINTMENTS REQUIRED - NO TRESPASSING. Call for more information. Seller may entertain selling not as a package too.
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0BEDS
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3.01ACRES
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0BATHS
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01/2 BATHS
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12,496SQFT
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$200$/SQFT
School Information
Description
New Construction Investment Package. Under construction with an estimated completion ot early 2026. Designed and built for low maintenance. Great opportunity for a VA/FHA buyer's primary residence with future income. 1031 Exchange Welcome. PACKAGE INCLUDES 4 PARCELS CONSISTING OF: TWO Four-Family/ Quadplex buildings for a total of 8 doors ready to rent at completion, PLUS TWO adjacent building lots zoned R-2. Residential R-2 allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. EACH RESIDENCE WILL HAVE an estimated 1562 sq ft, 3 bedrooms, 2 and a half bathrooms, one car garage, 9 foot ceilings on the main level, vaulted ceilings in all bedrooms with ceiling fans, 2 story foyer, LVP flooring, custom soft close white cabinets, granite countertops, kitchen island, stainless steel appliances, and back patio with lawn area. Enjoy future rental income with the first two buildings allowing cash flow while you build two additional Four-Family/ Quadplex buildings on the two adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for lots. Property taxes to be determined. Information is deemed reliable but is not guaranteed. Buyers are responsible to independently verify all information. Agent has a personal interest. Local Lender recommendations available. Owner financing not available. PACKAGE INCLUDES: Gate Tower Way NE Lots 49, 50, 51, 52 Parcel Id/ Tax ID: 050E H 039.00, 050E H 040.00, 050E H 017.00, and 050E H 018.00). APPOINTMENTS REQUIRED - NO TRESPASSING. Call for more information. Seller may entertain selling not as a package too.
1907-Lots 51, 52, 50 Gate Tower Way Cleveland, TN 37312
Property Description
Architectural Style [] Attached Garage YN Yes Construction Materials Vinyl Siding Exterior Features Rain Gutters Fencing None Foundation Details Slab Garage YN Yes Lot Features Back YardLevelPrivateSecluded Other Structures [] Parking Features ConcreteDrivewayGarageGarage Door OpenerGarage Faces Front Patio And Porch Features Patio Pool Features [] Roof Shingle Roof Shingle Yes Structure Type Multi FamilyQuadruplex View [] View YN No Waterfront Features [] Waterfront YN No
Accessibility Features [] Appliances Stainless Steel Appliance(s)RefrigeratorMicrowaveFree-Standing Electric RangeDishwasher Basement [] Basement YN No Building Area Total 12496 Cooling Ceiling Fan(s)Central Air Cooling YN Yes Fireplace Features [] Fireplace YN No Flooring Luxury Vinyl Heating Central Heating YN Yes Interior Features Ceiling Fan(s)Entrance FoyerGranite CountersHigh CeilingsKitchen IslandPantrySeparate Dining RoomTub/shower ComboVaulted Ceiling(s)Walk-In Closet(s) Laundry Features Upper LevelWasher Hookup Levels Two Window Features Double Pane WindowsInsulated WindowsLow-Emissivity WindowsVinyl Frames
Additional Parcels YN Yes Association Amenities [] Association YN2 No Auction YN2 No Community Features [] Green Energy Efficient [] Green Sustainability [] Green Water Conservation [] Listing Terms CashConventionalFHAVA Loan New Construction YN Yes Other Equipment [] Property Sub Type Multi Family Security Features [] Senior Community YN No Sewer Public Sewer Special Listing Conditions Agent OwnedInvestor Structure Type Multi Family Yes Tax Annual Amount 302.79 Utilities Cable AvailableElectricity AvailablePhone AvailableSewer AvailableWater AvailableUnderground Utilities Utilities Sewer Available Yes Utilities Underground Utilities Yes Water Source Public

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Listing courtesy of Keller Williams Realty: 423-664-1800.