Description
ATTENTION INVESTORS or 1031 EXCHANGE BUYERS! Exceptional Opportunity to own TWO Brand New Construction Quadplex/Four Family properties AND TWO adjacent building lots. The lots are zoned Residential R-2 which allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. One Four-Family/Quadplex is being built on Lot 51 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 039.00) and the second is being built on Lot 52 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 040.00). The adjacent lots are Lot 49 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 017.00) and Lot 50 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 018.00). Each Four-Family/Quadplex will have four 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 white cabinets, granite countertops, kitchen island, stainless steel appliances, and back patio. Expected completion Spring 2026. Enjoy future rental income while building on the adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for the 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 is not available. Access road will be completed prior to closing. APPOINTMENTS REQUIRED - NO TRESPASSING. Call for more information.
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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
ATTENTION INVESTORS or 1031 EXCHANGE BUYERS! Exceptional Opportunity to own TWO Brand New Construction Quadplex/Four Family properties AND TWO adjacent building lots. The lots are zoned Residential R-2 which allows for Single Family, Two-Family/ Duplex, and Four-Family/ Quadplex, among other things. One Four-Family/Quadplex is being built on Lot 51 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 039.00) and the second is being built on Lot 52 Gate Tower Way NE (Parcel Id/ Tax ID: 050E H 040.00). The adjacent lots are Lot 49 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 017.00) and Lot 50 Bell Tower Ln (Parcel ID/ Tax ID: 050E H 018.00). Each Four-Family/Quadplex will have four 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 white cabinets, granite countertops, kitchen island, stainless steel appliances, and back patio. Expected completion Spring 2026. Enjoy future rental income while building on the adjacent lots. City Water, Sewer, Electricity, and water meter boxes have been set for the 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 is not available. Access road will be completed prior to closing. APPOINTMENTS REQUIRED - NO TRESPASSING. Call for more information.
0-Lots 51, 52, 50, 4 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 CashConventional 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 272.67 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.