16.

  • Sale!

    Darlene 16

    Original price was: $1,900,000.Current price is: $1,700,000.
    Status

    Sold
    Year Built

    Address

    143 Darlene Drive, Clarksville, TN 37042, 145 Darlene Drive, Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    Sqft

    This 16-unit multifamily property, built in 2005, consists entirely of 2 bed / 1 bath units. Tenants are responsible for their own water and electric, with utilities individually metered.

    Since purchasing the property, the owner has invested over $100,000 in improvements, including new flooring, interior paint, appliances, HVAC systems, decks, a fully renovated parking lot, and exterior fencing. Despite these upgrades, rents remain up to $250 below market value, with comparable properties in the area leasing for $1,100 per unit, offering a strong value-add opportunity for an investor looking to optimize performance.

    Investment Facts

    Year Built: 2005 Number of Buildings: 2 Unit Mix: 16 - 2/1 Exterior: Brick with composite shingle roofing Interior: Units remodeled.

    Investment Highlights

    • High Occupancy, Low Turnover: Strong leasing history with consistent tenant demand in the growing Clarksville rental market.
    • Low Maintenance: 16 two-bedroom apartments exterior cap ex completed
    • Prime Location: Buildings located next door to each other and are in a convenient part of Clarksville.
    Details

  • Brookside Apartments

    $1,550,000
    Status

    Sold
    Address

    100 Brookside Dr. Clarksville, TN 37042
    County

    Listing Agent

    Number of Units

    Property Type

    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 Facts

    Year Built: 1976 Number of Buildings: 1 Unit Mix: 16 - 1/1 Exterior: Block and Stone with a flat roof Interior: Most unts remodeled and have updated appliances and newer mini-split HVACs

    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.
    Details

  • Lenox Townhomes

    $2,600,000
    Status

    Active
    Address

    156 Silver Street, Tullahoma TN 37388
    Number of Units

    Property Type

    Sqft

    Listing Agent

    County

    Discover Lenox Townhomes – A Class A Investment Opportunity in Tullahoma

    Lenox Townhomes presents the opportunity to acquire a newer-construction, 16-unit townhome community in the growing Tullahoma market. Located at 156 Silver Street, this well-built 2018 asset offers modern design, strong in-place tenancy, and durable construction—positioning it as a high-quality addition to any multifamily portfolio.

    Each residence features a spacious 2-bedroom, 2.5-bath townhome layout totaling approximately 1,155 square feet. Interior finishes include granite countertops, stainless steel appliances, LVP flooring on the main level, carpet upstairs, and in-unit washers and dryers. The property is professionally managed and currently 94% occupied, reflecting consistent demand and a well-qualified tenant base. With tenants paying separately metered electric and water, operations remain streamlined and efficient.

    Major building systems—including shingle roofs and package HVAC units installed in 2018—remain in excellent condition, and recent improvements have been proactive in nature. Additionally, an assumable Fannie Mae loan at a 4.28% fixed rate through March 2033 offers a compelling financing advantage. Supported by Tullahoma’s diverse employment base across aerospace, defense, manufacturing, healthcare, and financial services, Lenox Townhomes stands as a stabilized, Class A asset in a steadily growing market.

    Investment Highlights:

    • Sixteen Townhome-Style Units: All 2 bed / 2.5 bath layouts averaging ~1,155 SF with modern finishes and in-unit laundry.
    • Newer Construction (2018): Two well-maintained buildings on 1.19 acres with strong curb appeal and durable systems.
    • High Occupancy: 15 of 16 units currently leased with a consistent history of strong tenant retention.
    • Tenant-Paid Utilities: Separately metered electric and water, creating operational efficiency.
    • Professional Management: Consistent third-party management and stable operating history.
    • Modern Building Systems: Shingle roofs and package HVAC units (2018) in excellent condition.
    • Strong Submarket Positioning: Among the higher-performing rent properties in Tullahoma, attracting quality tenants.
    • Assumable Fixed-Rate Financing: Approximately $1.33M Fannie Mae loan at 4.28% fixed through March 2033.
    Details

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