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

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

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