Knollwood Townhomes | 1521 W Knollwood Cir
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Knollwood Townhomes 1521 W Knollwood Cir
9 Unit Apartment Building $1,275,838 CAD ($141,760 CAD/Unit) 5.85% Cap Rate Clarksville, TN 37043
Investment Highlights
- Quiet residential location in close proximity to an abundance of essential services, grocery stores, schools, shopping, and dining
- Rents are currently $147 below market
- Water and electricity are individually metered
- Located in one of the fastest-growing cities in Tennessee
- Each unit has washer and dryer connections
Executive Summary
Link to the Deal Room and Financials: https://www.marcusmillichap.com/properties/169948/1521-west-knollwood
Marcus & Millichap has been selected to exclusively market for sale this property in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity Located in one of Tennessee’s fastest growing cities.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE THE KNOLLWOOD TOWNHOMES.
Marcus & Millichap has been selected to exclusively market for sale this property in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add opportunity Located in one of Tennessee’s fastest growing cities.
Offers should be presented in the form of a non-binding Letter of Intent, spelling out the significant terms and conditions of the Purchaser’s offer including, but not limited to: 1) asset pricing, 2) due diligence and closing time frame, 3) earnest money deposit, 4) a description of the debt/equity structure, and 5) qualification to close. The purchase terms shall require all cash to be paid at closing.
AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE THE KNOLLWOOD TOWNHOMES.
Property Facts
| Price | $1,275,838 CAD | Building Class | B |
| Price Per Unit | $141,760 CAD | Lot Size | 0.47 AC |
| Sale Type | Investment | Building Size | 8,586 SF |
| Cap Rate | 5.85% | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1993 |
| Property Subtype | Apartment | Parking Ratio | 2.1/1,000 SF |
| Apartment Style | Low Rise |
| Price | $1,275,838 CAD |
| Price Per Unit | $141,760 CAD |
| Sale Type | Investment |
| Cap Rate | 5.85% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | B |
| Lot Size | 0.47 AC |
| Building Size | 8,586 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1993 |
| Parking Ratio | 2.1/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Deck
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $1,074 CAD | 961 |
| 2+1.5 | 7 | $1,030 CAD | 952 |
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zoning
| Zoning Code | R-4 |
| R-4 |
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Knollwood Townhomes | 1521 W Knollwood Cir
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