185 Oak StClarksville, TN 37042

Property Details for 185 Oak St

Year built

1996

Lot size

0.25 AC

Property size (Sq ft)

2,800 SF

Zone code

R-4

Property type

Mixed-use properties

Property subtype

Retail residential properties

APN

055I H 00102 000

APU

055IH00102000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $599,795

  6.5%

  $553,657

  7%

  $514,110

• Comparable approach

  Method

  Valuation

  Relative Method

  $373,587

  Geo Method

  $373,587

• Alternative Use

  Use

  Valuation

  Residential

  $553,657

  Hospitality

  $507,147

  Educational

  $421,940

  Medical

  $436,451

  Retail

  $656,352

Location Insight

City

Clarksville

County

Montgomery

State

Tennessee

Latitude

36.5442

Longitude

-87.3798

CBSA code

17300

CBSA name

CLARKSVILLE, TN-KY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].