Multifamily
Clarksville Commons
110 Bennett Dr, Clarksville, TN 37042
Listing Price: $6,554,000
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the Clarksville Commons portfolio in Clarksville, TN. This offering provides investors the opportunity to acquire a portfolio of turnkey assets situated along the same corridor, within walking distance of one another, in a high-growth submarket with strong rental demand.
The Clarksville Commons portfolio offers a stabilized 58-unit multifamily investment across 10 buildings in a high-growth submarket of Clarksville, TN. Over $600,000 in capital improvements have been completed in the past three years, including new roofs, siding, decks, and comprehensive interior upgrades. All units feature in-unit washer/dryers and modern appliances, enhancing tenant appeal and rental performance. With major mechanical systems proactively addressed—including HVAC replacements and a new sewage pump—the portfolio is positioned for low ongoing maintenance. Master-metered water and sewer utilities with RUBS reimbursement enhance operational efficiency, positioning this as a turnkey investment in one of Tennessee’s most vibrant rental markets.
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 Clarksville Commons.
Clarksville Commons
Investment Highlights
- This offering includes a portfolio of turnkey assets situated along the same corridor, within walking distance of one another, in a high-growth submarket with strong rental demand
- ~$600,000 in capital improvements over the past 36 months, including new siding, roofs (2.5 years old), decks, and interior renovations (LVP flooring, countertops, cabinet repainting, appliances).
- All units include a washer and dryer set, as well as major appliances such as a dishwasher and refrigerator.
- Major mechanical systems proactively addressed: recent HVAC replacements and a new sewage pump reduce future maintenance risk.
- Individually metered for electricity and master-metered for water; owner pays water/sewer and recoups via RUBS (utility reimbursement).
- Property is currently in a low-maintenance phase, with routine turnover as the primary ongoing expense.
Exclusively Listed By
Financing By
Listing Price: $6,554,000
Investment Highlights
- This offering includes a portfolio of turnkey assets situated along the same corridor, within walking distance of one another, in a high-growth submarket with strong rental demand
- ~$600,000 in capital improvements over the past 36 months, including new siding, roofs (2.5 years old), decks, and interior renovations (LVP flooring, countertops, cabinet repainting, appliances).
- All units include a washer and dryer set, as well as major appliances such as a dishwasher and refrigerator.
- Major mechanical systems proactively addressed: recent HVAC replacements and a new sewage pump reduce future maintenance risk.
- Individually metered for electricity and master-metered for water; owner pays water/sewer and recoups via RUBS (utility reimbursement).
- Property is currently in a low-maintenance phase, with routine turnover as the primary ongoing expense.
Investment Overview
Marcus & Millichap has been selected to exclusively market for sale the Clarksville Commons portfolio in Clarksville, TN. This offering provides investors the opportunity to acquire a portfolio of turnkey assets situated along the same corridor, within walking distance of one another, in a high-growth submarket with strong rental demand. The Clarksville Commons portfolio offers a stabilized 58-unit multifamily investment across 10 buildings in a high-growth submarket of Clarksville, TN. Over $600,000 in capital improvements have been completed in the past three years, including new roofs, siding, decks, and comprehensive interior upgrades. All units feature in-unit washer/dryers and modern appliances, enhancing tenant appeal and rental performance. With major mechanical systems proactively addressed—including HVAC replacements and a new sewage pump—the portfolio is positioned for low ongoing maintenance. Master-metered water and sewer utilities with RUBS reimbursement enhance operational efficiency, positioning this as a turnkey investment in one of Tennessee’s most vibrant rental markets. 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 Clarksville Commons.
Exclusively Listed By
Financing By
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