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Steve Nash

[email protected] +1(931) 302-6658

Listed by Jason Harper • Music City Property Mgmt

$ 6,350,000

Est. payment -/mo

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1170 Meadowhill Ln Clarksville, TN 37043

34,625 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 34,625 sqft

Price per Sqft $183

Subdivision Meadowhill

MLS Listing ID 3167320

HOA Y/N No

Year Built 2023

Annual Tax Amount $71,895

Lot Dimensions 7.11

Property Description

Public Remarks: Great investment opportunity in Clarksville, TN. This 25-unit townhome community consists of 6 buildings and is currently operating at approximately 96% occupancy, with the final unit in the process of being leased. Gross income is approximately $500,000 annually and will be over $510,000 once the final unit is leased, with NOI of nearly $400,000 fully stabilized. Pro forma available upon request. Each unit is a well-designed 3-bedroom, 2.5-bath townhome featuring granite countertops, an overhanging bar, large pantry, and stainless-steel appliances including refrigerator, microwave, dishwasher, range, and garbage disposal. All bedrooms and the laundry room are located upstairs, with washer and dryer included. The owner's suite offers a spacious walk-in closet and private bath. Ceiling fans are installed in all bedrooms and the main living area. Every unit includes a private garage for storage, along with a patio or deck separated by a privacy fence. The property also features 24/7 exterior security cameras, sidewalks throughout the community, and is situated in a cul-de-sac. Conveniently located near I-24, Rotary Park, shopping, and dining. Also, there may be future value-add potential through subdivision into multiple parcels, allowing for phased disposition. Buyer to verify the possibility of assigning separate APNs and any potential for individual townhome sales. Information is considered reliable, but buyer will need to verify during their due diligence period once under contract (and prior to closing). Note: Meadowhill is made up buildings 1170, 1172, 1173, 1174, 1175 & 1176 (does not include 1171).

Location

State TN

County Montgomery County

Zoning R4

Interior

Heating Central

Cooling Central Air

Flooring Carpet, Laminate

Fireplace N

Exterior

Garage Spaces 1.0

Utilities Available Water Available

Amenities Available Sidewalks

View Y/N false

Roof Type Shingle

Private Pool false

Building

Story 2

Sewer Public Sewer

Water Public

Structure Type Brick,Hardboard Siding

New Construction false

Schools

Elementary Schools Sango Elementary

Middle Schools Richview Middle

High Schools Clarksville High

Others

Senior Community false

Special Listing Condition Standard

NEARBY SCHOOLS & PROPERTIES

Steve Nash

Broker | License ID: 277585

+1(931) 302-6658

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Steve Nash

1170 Meadowhill Ln Clarksville, TN 37043

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOLS & PROPERTIES

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1170 Meadowhill Ln