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Listed by James Church • Keller Williams Realty Clarksville
$ 599,900
Est. payment | /mo
4,368 SqFt
$ 599,900
Est. payment | /mo
4,368 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,368 sqft
Price per Sqft $137
Subdivision Knollwood Hills
MLS Listing ID 3201002
HOA Y/N No
Year Built 1989
Annual Tax Amount $4,685
Lot Dimensions 120
Property Description
Turnkey 5-unit investment in one of Clarksville's most established neighborhoods. This all-brick townhome building in Knollwood Hills delivers $51,600 in annual gross rent from five fully occupied units, each leased between $825 and $900 per month. At asking price, investors step into a 5.57% cap rate with $33,410 in stabilized NOI and no vacancy to fill. well maintained with recent capital improvements: full HVAC system replaced November 2025 and new water heater installed May 2025, reducing near-term capex exposure. Professional management through PMI Clarksville keeps operations hands-off for out-of-state investors. At 4,368 SF across two stories, the property prices out to $119,980 per unit and $137/SF - strong value against recent comps.
Flood Zone X. High-speed fiber from AT&T (5 Gbps), CDE Lightband, and Spectrum. Minutes from Fort Campbell, Austin Peay State University, and downtown Clarksville - three demand drivers that keep this submarket's rental pipeline full. only moments away from Madison St. (Sango)
Stabilized. Cash-flowing. Professionally managed.
Flood Zone X. High-speed fiber from AT&T (5 Gbps), CDE Lightband, and Spectrum. Minutes from Fort Campbell, Austin Peay State University, and downtown Clarksville - three demand drivers that keep this submarket's rental pipeline full. only moments away from Madison St. (Sango)
Stabilized. Cash-flowing. Professionally managed.
Location
State TN
County Montgomery County
Zoning R-4
Interior
Heating Central
Cooling Central Air
Flooring Carpet
Fireplace N
Exterior
Utilities Available Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Brick
New Construction false
Schools
Elementary Schools Barksdale Elementary
Middle Schools Richview Middle
High Schools Clarksville High
Others
Senior Community false
Special Listing Condition Standard
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