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120 Malibu Dr
Clarksville, TN 37043
The Flats Off Madison · Multifamily Property For Sale · 84 Units

Property Facts

No. Units 84
Property Type Multifamily
Property Subtype Apartment
Apartment Style Garden
Building Class C
Lot Size 4.37 AC
Building Size 64,420 SF
Average Occupancy 95%
No. Stories 2
Year Built/Renovated 1965/2021
Parking Ratio 1.71/1,000 SF
Zoning R-4

Amenities

Unit Amenities

  • Air Conditioning
  • Washer/Dryer
  • Granite Countertops
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Walk-In Closets
  • Vinyl Flooring

Site Amenities

  • 24 Hour Access
  • Fitness Center
  • Laundry Facilities
  • Playground
  • Pool
  • Grill
  • Lounge

About 120 MALIBU DR , CLARKSVILLE, TN 37043

$30000 a Door! 84 Unit Complex on 4.65 acres with pool. 4 buildings 40 1 bedrooms 648 sq ft and 44 2 bedrooms 875 sq ft Central coin op laundry with new washers and dryers 2 large basement storage/maintenance areas 2 new roofs 15-25 units lightly remodeled Great opportunity for investors! Occupancy currently around 50%. Great opportunity for investor. 1 beds have wall heat/ac 2 beds have central hvac. Possible room for more units to be built. Complex needs an estimated $750000-1000000 for a full remodel.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 40 $549.00 648
2+1 44 $649.00 875

Property Taxes

Property Taxes

Parcel Number
080C-A-002.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,214,080
  • Listing ID: 12453371

  • Date on Market: 5/3/2018

  • Last Updated:

  • Address: 120 Malibu Dr, Clarksville, TN 37043

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