The Vue on Cliffside

The Vue on Cliffside benefits from a strong location in Cleveland, Tennessee, a growing community positioned just outside the Chattanooga MSA. This proximity provides residents with access to a larger economic base while maintaining the charm and affordability of a smaller city. The property offers convenient access to several local universities, including Lee University and Cleveland State Community College, making it an attractive option for students, faculty, and staff seeking quality housing nearby. Cleveland’s stable economy, supported by a mix of education, healthcare, and manufacturing sectors, further enhances the property's appeal. The combination of a strategic location, access to educational institutions, and connectivity to Chattanooga's expanding economy positions The Vue on Cliffside as a valuable asset for future rent growth and long-term stability.The Vue on Cliffside presents a compelling investment opportunity in the impressive Cleveland, TN market, located just a short distance from the growing Chattanooga MSA. This well-maintained, 31-unit multifamily asset features a significant portion of units already renovated with modern finishes, offering investors a chance to capture even higher rents. With an average effective rent of $936, there is clear upside potential in continuing the renovation program to further enhance the property's appeal and increase rental income. The property has reached a stabilized occupancy exceeding 95% and is already achieving expense-adjusted cap rates over 6.5% at the ask price of $3,515,000.