Owner Finance Available
1505 Mohawk Ct NW
Cleveland, TN 37311
🛏️
7
Bedrooms
🚿
4
Bathrooms
📏
3,848
Sq Ft
📅
1970
Year Built
Cleveland, TN 37311
7
Bedrooms
4
Bathrooms
3,848
Sq Ft
1970
Year Built
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
Property Type
Multi_family
Year Built
1970
HOA
None
Listed Price
$419,500
Free account - No credit card required
Owner financing means the seller of 1505 Mohawk Ct NW acts as the lender. Instead of getting a mortgage from a bank, you make monthly payments directly to the property owner. This property in Cleveland, TN is available with owner financing terms.
No! One of the biggest advantages of owner financing is that you typically don't need to qualify through a bank. This makes it possible to buy a home even with bad credit, no credit history, or self-employment income that's hard to document.
Down payment terms are negotiable. Sign up for free to get the specific financing details for this Cleveland property.