For Sale
$514,900

185 Oak StClarksville, TN 37042

Four-unit apartment building, high occupancy.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional income-producing quadplex, located at 185 Oak St in Clarksville, Tennessee, presents a compelling investment opportunity. Built in 1996 and extensively renovated in 2021, this Class B property boasts a total of 5,600 square feet across two one-story buildings, situated on a 0.51-acre lot. The property features four 2-bedroom, 1-bathroom units, each equipped with washer/dryer hookups and kitchen appliances. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $7,600, representing a 1.48% cap rate and a price per square foot of $91.95. The asking price is $514,900, translating to $128,725 per unit. Ample parking is available with 8 spaces. The property is zoned R4 and enjoys a convenient location near Austin Peay State University (APSU), Fort Campbell, and downtown Clarksville, as well as Trice Landing and Park. This well-maintained property offers a strong return on investment with its high occupancy rate and desirable location. The property's proximity to key amenities and its recent renovation make it an attractive option for investors seeking a stable and profitable multifamily asset in a growing market. The property's location in Montgomery County, zip code 37042, offers easy access to major transportation routes and local attractions.

Highlights

  • $514,900 asking price for a four-unit apartment building.
  • Multifamily, Class B property with 5,600 square feet.
  • $91.95 price per square foot and a 1.48% cap rate.
  • 100% occupancy with a Net Operating Income (NOI) of $7,600.
  • Four units, two buildings, each one story, built in 1996 and renovated in 2021.

Property Details for 185 Oak St

Property type
Apartment buildings
Square Feet
5,600 SF
Class
B
Year Built/Renovated
1996/2021
Buildings
2
Stories
1
Lot Size (sq. ft)
22,216 SF
Units
4

Location Insight

City
Clarksville
County
Montgomery
State
Tennessee
Latitude
36.544246
Longitude
-87.3797741
185 Oak St, Clarksville, Tennessee

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185 Oak St
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