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Multifamily

Knollwood Apartments

1500 W Knollwood Cir, Clarksville, TN 37043

Listing Price: $825,000

Cap Rate
5.66%
Number of Units
6
Price/Unit
$137,500
Price/Gross SF
$151.93
Gross SF
5,430

Investment Overview

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. 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. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF KNOLLWOOD APARTMENTS.

Investment Highlights

  • Rents currently $121 below market
  • Individually metered for water and electric
  • All units have been remodeled within the past year or two

Exclusively Listed By

Financing By

Multifamily

Knollwood Apartments

Listing Price: $825,000

Cap Rate
5.66%
Number of Units
6
Price/Unit
$137,500
Price/Gross SF
$151.93
Gross SF
5,430

Investment Highlights

  • Rents currently $121 below market
  • Individually metered for water and electric
  • All units have been remodeled within the past year or two

Investment Overview

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. 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. Offers should be delivered to the attention of the Listing Agents. AT NO POINT SHOULD TENANTS OR STAFF BE CONTACTED REGARDING THE SALE OF KNOLLWOOD APARTMENTS.

Exclusively Listed By

Financing By

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