For Sale
$10,700,000

Snowball Ln Clarksville, TN 37042

34-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional investment opportunity encompasses a portfolio of 34 meticulously maintained single-family residences situated in Clarksville, Tennessee, a rapidly growing region. The portfolio comprises 18 properties leased to long-term tenants, generating a gross monthly rent of $30,700, and 16 properties utilized as short-term rentals, yielding approximately $800,000 in annual revenue. This diverse rental income stream offers significant potential for strong returns. Located within a 20-minute radius of Clarksville's thriving community, the properties benefit from their proximity to Fort Campbell, the second-largest U.S. military base, employing over 30,000 active-duty personnel and housing over 70,000 retired veterans, ensuring a robust tenant pool. Each of the 34 two-story buildings houses a single unit. The asking price for this portfolio is $10,700,000, representing a price per unit of $314,705.88. Seller financing options are available, making this an attractive proposition for discerning investors. The properties are located on Snowball Ln, Clarksville, Montgomery County, TN 37042.

Highlights

  • Exceptional investment opportunity: 34 meticulously maintained single-family homes in rapidly growing Clarksville, TN.
  • Prime location: Within 20 minutes of Clarksville's thriving community, near Fort Campbell.
  • Strong tenant base: Proximity to Fort Campbell, the second-largest US military base, ensures a robust tenant pool.
  • Diverse income stream: 18 long-term rentals generating $30,700 monthly gross rent; 16 short-term rentals yielding approximately $800,000 annually.
  • Attractive pricing and financing: $10,700,000 asking price ($314,705.88 per unit); seller financing available.

Property Details for 0 Snowball Ln

Property type
Residential income homes
Buildings
34
Stories
2
Units
34

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.6255084
Longitude
-87.3806585

FAQs

What type of property is this?
Residential income home - 34-Unit Multifamily Investment Opportunity
Where is the residential income home located?
The property is located at Snowball Ln Clarksville, TN.
What is the asking price?
The asking price for this property is $10,700,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 34 meticulously maintained single-family homes in rapidly growing Clarksville, TN.; Prime location: Within 20 minutes of Clarksville's thriving community, near Fort Campbell.; Strong tenant base: Proximity to Fort Campbell, the second-largest US military base, ensures a robust tenant pool.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
0 Snowball Ln
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message