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Multifamily

Peabody Apartments

365 Peabody Dr, Clarksville, TN 37042

Listing Price: $1,075,000

Cap Rate
6.83%
Number of Units
8
GRM
8.96
Price/Unit
$134,375
Price/Gross SF
$131.74
Gross SF
8,160

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 THE PEABODY APARTMENTS.

Investment Highlights

  • $36,000 Spent on capital improvements
  • Roof replaced at 369 Peabody in the past 12 months
  • Buildings built on a slab
  • Individually metered for water and electric

Exclusively Listed By

Financing By

Multifamily

Peabody Apartments

Listing Price: $1,075,000

Cap Rate
6.83%
Number of Units
8
GRM
8.96
Price/Unit
$134,375
Price/Gross SF
$131.74
Gross SF
8,160

Investment Highlights

  • $36,000 Spent on capital improvements
  • Roof replaced at 369 Peabody in the past 12 months
  • Buildings built on a slab
  • Individually metered for water and electric

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 THE PEABODY APARTMENTS.

Exclusively Listed By

Financing By

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