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Multifamily

Dunbar Townhomes

291 Dunbar Cave Rd, Clarksville, TN 37043

Listing Price: $3,150,000

Cap Rate
5.70%
Number of Units
20
GRM
10.10
Price/Unit
$157,500
Price/Gross SF
$157.50
Gross SF
20,000

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Dunbar Townhomes in Clarksville, TN. This offering will allow a potential investor to purchase a rare investment opportunity located in one of Tennessee’s fastest-growing cities.

Dunbar Townhomes presents a compelling value-add investment opportunity located in Clarksville, TN, just 50 minutes (47 miles) from Nashville via Interstate 65. Conveniently located near major retailers, grocery stores, and some of the areas largest employers. This offering consists of 20 townhomes with an average rent of $1,224. With below market rents, new ownership has the opportunity to increase rents by $75 per unit to align with market rates, unlocking immediate revenue growth.

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 OF THE DUNBAR TOWNHOMES.

Investment Highlights

  • Rents are currently $75 below the market rate
  • In the last 36 months, current ownership has spent $252,465 on capital improvements
  • 16 Renovated units out of 20 total units
  • Individually metered for water and electricity

Exclusively Listed By

Financing By

Multifamily

Dunbar Townhomes

Listing Price: $3,150,000

Cap Rate
5.70%
Number of Units
20
GRM
10.10
Price/Unit
$157,500
Price/Gross SF
$157.50
Gross SF
20,000

Investment Highlights

  • Rents are currently $75 below the market rate
  • In the last 36 months, current ownership has spent $252,465 on capital improvements
  • 16 Renovated units out of 20 total units
  • Individually metered for water and electricity

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Dunbar Townhomes in Clarksville, TN. This offering will allow a potential investor to purchase a rare investment opportunity located in one of Tennessee’s fastest-growing cities. Dunbar Townhomes presents a compelling value-add investment opportunity located in Clarksville, TN, just 50 minutes (47 miles) from Nashville via Interstate 65. Conveniently located near major retailers, grocery stores, and some of the areas largest employers. This offering consists of 20 townhomes with an average rent of $1,224. With below market rents, new ownership has the opportunity to increase rents by $75 per unit to align with market rates, unlocking immediate revenue growth. 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 OF THE DUNBAR TOWNHOMES.

Exclusively Listed By

Financing By

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