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Clarksville Class A Townhome Investment 162 Jack Miller Blvd 48 Unit Apartment Building $8,950,000 ($186,458/Unit) 5.25% Cap Rate Clarksville, TN 37042
Investment Highlights
- 48-unit Class A townhome community with stabilized occupancy and immediate cash flow
- Larger-than-average unit sizes create premium positioning in the Clarksville submarket
- Strong tenant retention driven by functional multi-floor layouts and quality living spaces
- Spacious 1,117 SF two-bed, 2.5-bath layouts with private entrances and modern finishes
- Low-maintenance construction with zero deferred maintenance and reduced operational risk
- Located in a fast-growing Tennessee market near Fort Campbell, Nashville, and logistics hubs
Executive Summary
The Rowe at Gate 1 is a premier 48-unit Class A townhome community designed for long-term ownership and durable cash flow performance. Located in the rapidly growing Clarksville, Tennessee market, the property offers a highly differentiated product with spacious 1,117 SF two-bedroom, 2.5-bath floorplans featuring private entrances, multi-level living, and modern finishes.
The asset is fully stabilized with strong occupancy, low tenant turnover, and no deferred maintenance, providing investors with immediate operational efficiency and reduced management intensity. Supported by Clarksville’s expanding population, proximity to Nashville, Fort Campbell employment drivers, and continued healthcare and logistics growth, The Rowe at Gate 16 presents a compelling opportunity for investors seeking dependable long-term performance without value-add execution risk.
The asset is fully stabilized with strong occupancy, low tenant turnover, and no deferred maintenance, providing investors with immediate operational efficiency and reduced management intensity. Supported by Clarksville’s expanding population, proximity to Nashville, Fort Campbell employment drivers, and continued healthcare and logistics growth, The Rowe at Gate 16 presents a compelling opportunity for investors seeking dependable long-term performance without value-add execution risk.
Property Facts
| Price | $8,950,000 | Apartment Style | Townhome |
| Price Per Unit | $186,458 | Building Class | C |
| Sale Type | Investment | Lot Size | 6.18 AC |
| Cap Rate | 5.25% | Building Size | 55,872 SF |
| No. Units | 48 | Average Occupancy | 94% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 2020 |
| Zoning | R-4 - Residential | ||
| Price | $8,950,000 |
| Price Per Unit | $186,458 |
| Sale Type | Investment |
| Cap Rate | 5.25% |
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 6.18 AC |
| Building Size | 55,872 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 2020 |
| Zoning | R-4 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Microwave
- Washer/Dryer
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Carpet
- Freezer
- Patio
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 48 | - | 1,117 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 019-033.01-00003019 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,172,680 |
Property Taxes
Parcel Number
019-033.01-00003019
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,172,680
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Clarksville Class A Townhome Investment | 162 Jack Miller Blvd
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