For Sale
$5,700,000

374 Manorstone LnClarksville, TN 37042

18-Unit Rental Portfolio, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity encompasses an 18-unit single-family rental portfolio located in Clarksville, Tennessee, a rapidly growing area. The portfolio consists of 18 individual buildings, each ranging from 1,056 to 2,537 square feet, built between 1987 and 2016. All units are currently occupied, generating a substantial monthly gross rent of approximately $30,700. The properties are zoned R-2 and offer a consistent revenue stream, making them an attractive investment. The portfolio's prime location is within a 20-minute radius of Clarksville's thriving community and enjoys close proximity to Fort Campbell, the second-largest U.S. military base, providing a large and stable tenant pool. This strategic location, coupled with the strong rental income and the potential for seller financing, presents a compelling opportunity for investors seeking a high-return, low-risk investment in a rapidly appreciating market. The portfolio's 18 units are spread across multiple buildings, each a two-story structure. The asking price for this lucrative portfolio is $5,700,000, representing a price per unit of $316,666.67. This portfolio offers a unique blend of stability and growth potential, making it an ideal addition to any investment portfolio. The properties are located at 374 Manorstone Ln, Clarksville, TN 37042.

Highlights

  • Excellent Clarksville location, within a 20-minute radius of the city center.
  • Strategic proximity to Fort Campbell, employing over 30,000 active-duty personnel and 70,000+ retirees.
  • Strong, stable cash flow with 100% occupancy generating $30,700 monthly gross rent.

Property Details for 374 Manorstone Ln

Property type
Residential income homes
Square Feet
1,056 SF
Year Built
1987
Buildings
18
Stories
2
Units
18

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.5763403
Longitude
-87.4235812
374 Manorstone Ln, Clarksville, Tennessee

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374 Manorstone Ln
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