2299 Raleigh CtClarksville, TN 37043

Property Details for 2299 Raleigh Ct

Year built

2022

Property size (Sq ft)

8,896 SF

Property type

Apartment buildings

Description

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.

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5734

Longitude

-87.2964

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