For Sale
$514,900

191 Oak StClarksville, TN 37042

Four-unit apartment building, excellent income.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a well-maintained four-unit apartment building located at 191 Oak St, Clarksville, TN 37042. The property, built in 1996, boasts a total of 2,800 square feet situated on a 0.26-acre lot. The building is classified as a Class B multifamily property and currently generates a Net Operating Income (NOI) of $7,600, resulting in a 1.48% capitalization rate. The asking price is $514,900, translating to $128,725 per unit. Each of the four units is a two-bedroom, one-bathroom ranch-style apartment, complete with washer/dryer hookups and kitchen appliances. The property is zoned R4, allowing for a variety of potential uses. Its convenient location near Austin Peay State University (APSU), Fort Campbell, and downtown Clarksville offers strong rental demand. Proximity to Trice Landing and a local park adds to its appeal. This is an ideal investment for those seeking a stable income stream in a thriving Tennessee market. The single-story building offers easy management and maintenance. Serious inquiries are encouraged to explore this promising investment opportunity further.

Highlights

  • Well-maintained four-unit apartment building at 191 Oak St, Clarksville, TN.
  • 2,800 sq ft building on a 0.26-acre lot, built in 1996.
  • Class B multifamily property with a $7,600 NOI and 1.48% cap rate.
  • Asking price: $514,900 ($128,725 per unit).
  • Four two-bedroom, one-bathroom ranch-style units with washer/dryer hookups and appliances.
  • R4 zoning.

Property Details for 191 Oak St

Property type
Apartment buildings
Square Feet
2,800 SF
Class
B
Year Built
1996
Buildings
1
Stories
1
Lot Size (sq. ft)
11,326 SF
Units
4

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.5444167
Longitude
-87.3797354
191 Oak St, Clarksville, Tennessee

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191 Oak St
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