1655 Evans RdClarksville, TN 37042

Property Details for 1655 Evans Rd

Year built

2024

Lot size

3.06 AC

Property size (Sq ft)

12,060 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Class A multifamily investment opportunity presents a newly constructed (2024) 12-unit apartment building situated on a 3.06-acre lot in Clarksville, Tennessee (zip code 37042). The property consists of three two-story buildings, totaling 12,060 square feet of net rentable space. Each unit features two bedrooms and 1.5 bathrooms, with an average size of 1006 square feet. The property boasts 29 parking spaces and is zoned R4, allowing for a variety of uses. The occupancy date is October 30, 2024, with an anticipated rental income of $1,250 per unit. The property is currently listed for sale as a portfolio investment. Detailed financial information, including a 6.85% cap rate, is available upon request. High-quality 360° virtual tours are available online. This is an owner/user investment opportunity with significant potential for strong returns. The property's location in Clarksville, Montgomery County, offers convenient access to local amenities and transportation. The property's three buildings are designed as quadplexes, providing efficient management and maintenance. This turnkey investment is ready for immediate income generation. The property's APN is 044D B 01000 000.

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5785

Longitude

-87.4318

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