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155 Jack Miller Blvd
Clarksville, TN 37042
Jack Miller Flats · Multifamily Property For Sale
·
26 Units
Investment Highlights
- All units feature highly desirable 2-bedroom, 1-bathroom floor plans designed for practical everyday living
- Current leasing strategies and strong occupancy trends provide opportunity for continued revenue growth and operational upside
- Interior features include spacious bathrooms with wall-to-wall vanities, washer and dryer connections, and shower/tub combinations
- Attractive opportunity for investors seeking stable cash flow and long-term appreciation in the growing Clarksville/Fort Campbell market
Executive Summary
Link to Deal Room and Financials: https://www.marcusmillichap.com/properties/302163/jack-miller-flats
Marcus & Millichap has been selected to exclusively market for sale the Jack Miller Flats in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand.
Jack Miller Flats is a 26-unit multifamily community strategically located minutes from Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features highly desirable 2-bedroom, 1-bathroom floor plans designed for functional everyday living with strong long-term tenant appeal. Convenient access to major employment centers, shopping, dining, and commuter routes continues to drive consistent demand from both military and civilian renters. The asset offers stable in-place income with additional upside potential through operational improvements, rental growth, and future amenity enhancements in the rapidly expanding Clarksville/Fort Campbell market.
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 Jack Miller Flats.
Marcus & Millichap has been selected to exclusively market for sale the Jack Miller Flats in Clarksville, TN. This offering will allow a potential investor to purchase a rare value-add investment opportunity located in a high-growth submarket with strong rental demand.
Jack Miller Flats is a 26-unit multifamily community strategically located minutes from Fort Campbell in one of Clarksville’s strongest rental corridors. Built in 1992, the property features highly desirable 2-bedroom, 1-bathroom floor plans designed for functional everyday living with strong long-term tenant appeal. Convenient access to major employment centers, shopping, dining, and commuter routes continues to drive consistent demand from both military and civilian renters. The asset offers stable in-place income with additional upside potential through operational improvements, rental growth, and future amenity enhancements in the rapidly expanding Clarksville/Fort Campbell market.
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 Jack Miller Flats.
Property Facts
| Price Per Unit | $105,769 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.29 AC |
| Cap Rate | 6.01% | Building Size | 20,800 SF |
| No. Units | 26 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1992 |
| Property Subtype | Apartment | Parking Ratio | 1.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4 | ||
| Price Per Unit | $105,769 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| No. Units | 26 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.29 AC |
| Building Size | 20,800 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Parking Ratio | 1.92/1,000 SF |
| Zoning | R-4 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Disposal
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 26 | - | 800 |
Property Taxes
| Parcel Number | 019H-D-012.00 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $538,160 |
Property Taxes
Parcel Number
019H-D-012.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$538,160
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