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608 Main St
Clarksville, TN 37040
Main 608 · Multifamily Property For Sale · 82 Units

Investment Highlights

  • Fastest-Growing State Univ. in Tennessee: Austin Peay State University’s strategic plan calls for enrollment to reach approx. 15,000 students by 2025
  • Tax Incentive Financing Zone: Property is located in a tax incentive zone within the county and receives significant tax savings
  • Low Pipeline Delivery: No planned student housing properties in the pipeline and no student competitive properties delivering in 2022
  • Closest Off-Campus Asset to Campus: 0.12 mi of the Univ.; offering students the easiest commute to classes while being in downtown Clarksville
  • Strong Pre-Leasing: 94% Occupied and 96% Pre-Leased for 2022-2023 School Year
  • Positive Market Fundamentals: Employment rate increasing year-over-year, rent growth rising and vacancy at record lows in Clarksville

Property Facts

No. Units 82
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid-Rise
Building Class A
Lot Size 1.43 AC
Building Size 80,668 SF
Average Occupancy 79%
No. Stories 4
Year Built 2018
Zoning CBD

Amenities

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Washer/Dryer
  • Heating
  • Kitchen
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

Site Amenities

  • Fitness Center
  • Laundry Facilities
  • Property Manager on Site
  • Furnished Units Available
  • Roof Terrace
  • Lounge
  • Maintenance on site
  • Online Services
  • Public Transportation
  • Roommate Matching

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 18 - 742
2+2 54 - 850 - 1,060
3+3 10 - 1,080

Property Taxes

Property Taxes

Parcel Number
066F-E-001.00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,983,120
  • Listing ID: 26610145

  • Date on Market: 9/12/2022

  • Last Updated:

  • Address: 608 Main St, Clarksville, TN 37040

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