1170 Meadowhill Ln, Clarksville, TN 37043
- $6,350,000
- 34,625
- SqFt
- List Price
- $6,350,000
- MLS#
- 3167320
- Days on Market
- 119
- Property Type
- Multifamily
- Sqft. of Residence
- 34,625
- County
- Montgomery County
- Status
- ACTIVE
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).
Additional Information
- Community Amenities
- Sidewalks
- Construction Type
- Brick, Hardboard Siding
- Cooling System
- Central Air
- Elementary School
- Sango Elementary
- Floor Types
- Carpet, Laminate
- Garage Capacity
- 1
- Garage Description
- Garage Faces Front, Concrete, Parking Lot
- Heating System
- Central
- High School
- Clarksville High
- Junior High School
- Richview Middle
- Laundry
- Individual
- Living Area
- 34,625
- Lot Dimensions
- 7.11
- Number Of Stories
- 2
- Roofing Material
- Shingle
- Sewer System
- Public Sewer
- Subdivision
- Meadowhill
- Tax Amount
- $71,895
- Water Source
- Public
- Year Built
- 2023
- Zoning
- R4
- Type
- Multifamily
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Listing courtesy of Music City Property Mgmt.
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