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 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.
