117-121 Bennett DrClarksville, TN 37042

This exceptional 58-unit apartment complex in Clarksville, Tennessee, presents a compelling investment opportunity. Located at multiple addresses on Bennett Dr and Darlene Dr, Clarksville, TN 37042, this stabilized multifamily property boasts a 95% occupancy rate as of October 29, 2024, and a strong net operating income (NOI) of $440,319. The property comprises ten buildings, each two stories high, totaling 58 units. Built in the 1990s and extensively renovated in 2023, the property features a mix of unit sizes, with the majority being two-bedroom, one-bathroom apartments. The asking price is $7,750,000, representing a price per unit of $133,620.69 and a 5.68% capitalization rate. The property benefits from its location in a rapidly growing area of Clarksville, a city experiencing significant population growth and economic prosperity. This turnkey asset offers a seamless transition for new ownership, with the potential for continued strong rental income and appreciation. The property's strong performance and recent renovations make it an attractive investment for those seeking a stable, high-performing multifamily asset in a thriving market. The property is classified as Class B.