For Sale
$1,700,000

2299 Raleigh Ct Clarksville, TN 37043

Seven-unit, high-return apartment building in Clarksville, TN

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional Class A, 8,896 sq ft apartment building presents a rare investment opportunity in the thriving Clarksville, TN market. Built in 2022, this one-building, two-story complex boasts seven units, each with dedicated parking and ample guest parking. Six units offer two bedrooms and two-and-a-half bathrooms, while one premium unit features three bedrooms and three bathrooms. Currently operating at 100% occupancy, the property generates a substantial NOI of $120,000, representing a 7.06% cap rate. The asking price is $1,700,000, or $191.10 per square foot and $242,857.14 per unit. Six units are currently used as long-term rentals, with one successfully operating as a short-term rental, demonstrating the property's versatility and income potential. High-end finishes throughout each unit ensure strong rental demand in a competitive market. Located at 2299 Raleigh Ct, Clarksville, TN 37043, this turnkey investment offers a compelling opportunity to capitalize on Clarksville's robust growth and consistently high rankings as a desirable place to live. There is no HOA. This property is a stabilized investment with an excellent rental history.

Highlights

  • $1,700,000 asking price for this stabilized Class A multifamily investment.
  • Seven-unit apartment building (townhouses) totaling 8,896 square feet.
  • $191.10 price per square foot, with a 7.06% cap rate and $120,000 net operating income (NOI).
  • 100% occupancy with six two-bedroom, two-and-a-half-bathroom units and one three-bedroom, three-bathroom unit.
  • Built in 2022, this one-building, two-story property features dedicated parking per unit and ample guest parking.
  • Located at 2299 Raleigh Ct, Clarksville, TN 37043.

Property Details for 2299 Raleigh Ct

Property type
Apartment buildings
Square Feet
8,896 SF
Class
A
Year Built
2022
Buildings
1
Stories
2
Units
7

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.573414
Longitude
-87.296435

FAQs

What type of property is this?
Apartment building - Seven-unit, high-return apartment building in Clarksville, TN
Where is the apartment building located?
The property is located at 2299 Raleigh Ct Clarksville, TN.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: $1,700,000 asking price for this stabilized Class A multifamily investment.; Seven-unit apartment building (townhouses) totaling 8,896 square feet.; $191.10 price per square foot, with a 7.06% cap rate and $120,000 net operating income (NOI).
How can I contact the broker?
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2299 Raleigh Ct
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