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Summit View is a collection of new two-story townhomes located in a growing area of Cleveland, Tennessee. Residents enjoy community amenities including an onsite swimming pool and pool house.
The neighborhood offers convenient access to major retailers including The Village Green Town Center, making everyday shopping and errands easy.
Downtown Cleveland, located just five miles away, offers historic charm along with local dining, shopping, and community events. The area is also known for its strong access to outdoor recreation, including parks, trails, and nearby mountain landscapes.
--- #### Location Advantages
- Convenient access to retail and daily services
- Close proximity to Downtown Cleveland
- Strong outdoor recreation lifestyle appeal
- Easy access to regional highways and employment centers
--- #### Major Employment Drivers
- Whirlpool Corporation
- Wacker Chemical
- Cleveland State Community College
- Bradley Healthcare System
- Manufacturing and logistics employers throughout Bradley County
--- #### Why This Location Performs Well for Investors
Cleveland continues to see steady population growth as affordability pushes renters beyond Chattanooga. The area offers strong demand for newer housing with limited rental inventory in the townhome segment, supporting consistent rental demand.
--- #### Investment Highlights
- New construction townhomes
- Low maintenance investment property
- Strong rental demand in the Cleveland market
- Projected 6%+ cap rate potential
- Located in a growing Chattanooga commuter market
This newly constructed townhome features a seamless first-floor layout connecting the main living areas. The home includes a peninsula-style kitchen designed for everyday cooking, an intimate dining space, and a welcoming family room with direct patio access.
Upstairs you'll find two secondary bedrooms along with a private owner's suite featuring an attached bathroom. The home also includes a two-car garage, offering additional storage and convenience.
New construction townhomes in Cleveland, TN offering strong rental demand and projected 6%+ cap rate potential in a growing Chattanooga commuter market.
Why It Rents Well
- 3-bedroom, 2.5-bathroom configuration appeals to a broad tenant pool — families, couples, roommates and renters needing office space
- 1,386 square feet across two storeys with 2-car parking
- New construction (2026) — modern finishes and lower expected near-term maintenance
- Community pool and pool house on site — an amenity competing townhome rentals in the area generally do not carry
- Everyday convenience — The Village Green Town Center for shopping, with downtown Cleveland five miles away
Location Advantages
- Downtown Cleveland about five miles away — historic charm, local dining, shopping and community events
- The Village Green Town Center and major retailers close by for everyday shopping
- Onsite swimming pool and pool house
- Strong access to outdoor recreation in the surrounding area
Investment Summary
Summit View is a collection of new two-story townhomes in Cleveland, Tennessee, in a B+ rated area. Homes are priced at $260,000 against estimated rent of $2,050 per month.
At 27% estimated operating expenses that gives a projected 6.6% cap rate and roughly $281 per month in projected cash flow.
The onsite pool and pool house set it apart from the standard townhome rental in the submarket without moving it out of the price band.