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Listed by Jason Harper • Music City Property Mgmt
$6,350,000
Est. payment /mo
34,625 SqFt
Active
1170 Meadowhill Ln Clarksville, TN 37043
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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
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