Are you a savvy investor looking to buy apartments in Middle Tennessee? Brookside Apartments, a 16-unit property located at 100 Brookside Drive in Clarksville, TN, offers an excellent opportunity for investors to expand their multifamily portfolio. With a competitive asking price of $1.55 million and a 6.2% cap rate under current operations, this fully renovated property features low maintenance, high occupancy, and a prime location just minutes from Fort Campbell Military Base. Whether you’re looking to invest in the thriving Middle Tennessee rental market or secure a turnkey multifamily property, Brookside Apartments is an investment worth considering. For more details, click the "Get More Information" button below!
Investment Highlights
- Major Renovations Completed: Fully renovated in 2019, including exterior upgrades and interior renovations across all 16 units, with new mini-split systems and dehumidifiers installed.
- High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
- Low Maintenance: 16 one-bedroom apartments with durable painted block exteriors and minimal landscaping requirements.
- Prime Location: Situated just 1 block from Ft. Campbell Blvd and only 3.5 miles from Fort Campbell Military Base, surrounded by new construction and thriving development.
- Management Continuity: Existing property management has effectively maintained high occupancy and low turnover and is available to continue managing the property post-sale.
