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Listed price in listed location currency (USD).
$6,350,000

003

MLS® 3167320

Overview

Key Facts

Type Multi Family
Levels Residential Income
Size 34625 sqft
Garage Yes
Taxes $71,895
Days Active 43
Lot Size 
Approx. Age 2023
Avg. Price Per Sqft $183
MLS® Number 3167320

Property Address: 1170 Meadowhill Ln, Clarksville, TN, 37043-2352

Average square foot calculated using Size range provided by listing agent.

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).
MLS® Number3167320
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2023
Basement
DrivewayGarage Faces Front, Concrete, Parking Lot
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 2, 2026List Date
$6,350,000List Price
Dec 28, 2023End Date
$5,850,000Sold Price

Sold

Jul 15, 2024List Date
$6,000,000List Price

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